SINGAPORE (Reuters) - Singapore’s main price gauge contracted for the eighth consecutive month in September, data showed on Friday, with prices falling 0.1% from a year earlier.
Core inflation — the central bank’s favoured price measure — was expected to fall 0.2%, according to a Reuters poll.
Singapore’s headline consumer price index was flat from a year earlier, data from the Department of Statistics showed. Economists had forecast a 0.25% drop.
Authorities in the city-state, battling its deepest ever recession due to the COVID-19 pandemic, expect core and headline inflation to come in between −0.5 and 0% in 2020.
Reporting by Chen Lin; editing by Uttaresh.V
Our Standards: The Thomson Reuters Trust Principles.