Business

Published: Monday November 23, 2009 MYT 2:13:00 PM
Updated: Monday November 23, 2009 MYT 2:51:19 PM

Singapore consumer prices fall for 7th month


SINGAPORE: Singapore's consumer prices fell in October for a seventh month as property values slid from a year earlier.

The consumer price index fell 0.8 percent in the 12 months through October after a 0.4 percent drop in the 12 months to September, the statistics department said Friday.

Compared to August, September's CPI rose 0.6 percent.

Housing prices in September dropped 4.7 percent from a year earlier, transport and communication rose 0.6 percent and food jumped 0.8 percent.

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

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


For another perspective from The Straits Times, a partner of Asia News Network, click here.


Latest business news from AP-Wire

  • E-mail this story
  • Print this story