Business

Published: Friday October 23, 2009 MYT 3:14:00 PM

Singapore consumer prices fall for sixth month


SINGAPORE: Singapore's consumer prices fell in September for a sixth month as property prices slumped.

The consumer price index fell 0.4 percent in the 12 months through September after a 0.3 percent drop in the 12 months to August, the statistics department said Friday.

Compared to August, September's CPI fell 0.1 percent.

Housing prices in August dropped 2.5 percent from a year earlier, transport and communication fell 0.2 percent and food rose 0.8 percent.

Inflation has slowed from a 26-year high in June 2008 of 7.5 percent.

The government said earlier this month it expects inflation to quicken from zero percent this year to between 1 percent and 2 percent next year. - AP


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