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Singapore CPI projected to tumble by 0.4% in August
Prices are declining for the 22nd month in a row.
Singapore’s consumer price index (CPI) is likely to dip for a 22nd straight month in August YoY with media forecast for all items CPI pegged at 0.4% compared to last year, economists said.
According to a Reuters poll, the rate of the decline is expected to be moderate from recent months following recent upsurge in prices of car permits.
The headline CPI has been dropping on a yearly basis since November 2014 largely due to lower global prices and downturn trend in housing rents and private transport costs.
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