RTTNews - Consumer prices in Singapore dropped 0.5% year-on-year in June, after falling 0.3% in the preceding month, the Department of Statistics said Thursday. Economists expected consumer prices to fall 0.6%. Excluding accomodation costs, the prices slipped 1.4% annually in June.
On a monthly basis too, the consumer prices fell 0.5% in June, due to lower costs of housing as also clothing and footwear. Seasonally adjusted, consumer prices rose 0.2% in June from the previous month.
For the first six months of the year, consumer prices climbed 0.8% from the same period last year.
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