Bloomberg.com, 23 Jun 2009, Shamim Adam
June 23 (Bloomberg) -- Singapore’s consumer prices fell for a second month in May as transport and recreation costs dropped amid an economic slump that’s hurt demand for goods and services.
The consumer price index declined 0.3 percent from a year earlier, after falling 0.7 percent the previous month, the Department of Statistics said in a statement today. That compares with the median forecast for a 0.9 percent drop in a Bloomberg News survey of six economists. Prices rose 0.6 percent from April, without adjusting for seasonal factors.
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Related:
Singapore Consumer Prices Decline Further In May - RTTNews
Singapore prices fall in second month of deflation - Forbes.com
