RTTNews, 23 Feb 2009
Singapore's consumer prices rose at the slowest pace in almost 16 months in January, as gasoline prices fell and demand for the country's goods and services cooled amid the global economic downturn.
Monday, Singapore's Department of Statistics said the consumer price index rose 2.9% year-on-year in January, at a much slower pace compared to the 4.3% climb in the previous month. However, consumer prices increased more than economists' expectations for a 2.3% rise.
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