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