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http://www.straitstimes.com/busines...y-consumer-prices-fall-for-9th-straight-month
The last time Singapore experienced such a prolonged drop in consumer prices was amid the global financial crisis in 2009, when prices fell for six straight months.
core inflation is expected to remain subdued at around the current rate in the near term. All-items inflation could ease further, given the dampening effects of car prices and imputed rentals on owner-occupied accommodation, amid the expected increase in the supply of COEs and newly completed housing units respectively. (Both inflation measures) could rise towards the end of the year and are expected to pick up further in 2016, as the effects of the budgetary measures and the drag from the past fall in global oil prices dissipate on a year-ago basis," MAS added.
The last time Singapore experienced such a prolonged drop in consumer prices was amid the global financial crisis in 2009, when prices fell for six straight months.
core inflation is expected to remain subdued at around the current rate in the near term. All-items inflation could ease further, given the dampening effects of car prices and imputed rentals on owner-occupied accommodation, amid the expected increase in the supply of COEs and newly completed housing units respectively. (Both inflation measures) could rise towards the end of the year and are expected to pick up further in 2016, as the effects of the budgetary measures and the drag from the past fall in global oil prices dissipate on a year-ago basis," MAS added.
