Singapore September CPI Falls 0.6% on Year

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The FINANCIAL — Singapore’s consumer prices fell as expected in September amid a continued decline in transportation, housing and utilities costs, according to Nasdaq.

The consumer price index fell 0.6% year-over-year in September, matching the median estimate in a poll of five analysts by The Wall Street Journal.

The cost of transportation, which has an index weighting of 15.8%, declined 2.2% in September from the previous year, while housing and utilities costs, which make up 26.3% of the index, were down 3.6%.

Food prices, which have a 21.7% weighting in the index, rose 1.8%, the data showed.

The CPI fell 0.5% in the first nine months compared with a year ago, the data showed. The September decline marks the 11th consecutive month of contraction in the index.

The Monetary Authority of Singapore’s core inflation measure, which strips out accommodation and private road- transport costs, rose 0.6% in September from a year earlier. The poll had predicted a 0.3% rise.

 

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