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.

For comments and feedback: contact editorial@rttnews.com