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Old 25-05-2009, 01:49 PM   #1 (permalink)
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Cup S'pore's inflation rate falls

S'pore's inflation rate falls


Consumer prices contracted 1.5 per cent after seasonal adjustments month-on-month, after flattening in March, the Department of Statistics said in a statement on Monday. -- ST PHOTO: ALPHONSUS CHERN

SINGAPORE - SINGAPORE'S annual inflation rate fell 0.7 per cent in April, the first drop since June 2005, from a rise of 1.6 per cent in March as transport, housing and communication costs fell.

Consumer prices contracted 1.5 per cent after seasonal adjustments month-on-month, after flattening in March, the Department of Statistics said in a statement on Monday.

Singapore's inflation has been on the downtrend since peaking at a 26-year high of 7.5 per cent in April, May and June last year. -- REUTERS

Source: http://www.straitstimes.com/Breaking...ry_381402.html

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