RTTNews - Singapore's consumer price index fell 0.3% year-on-year in May in May, after declining 0.7% in April, the Department of Statistics said Tuesday. Economists expected prices to drop 0.9%. Consumer prices fell for the second consecutive month in May. Excluding accommodation costs, consumer prices were down 1.5%.

Month-on-month, consumer prices rose 0.6% in May, following a 1.1% drop in April. Excluding accommodation costs, consumer prices were unchanged in May. After seasonal adjustments, the consumer price index increased 0.8% from April.

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