SINGAPORE: Singapore’s consumer price index in May probably fell from a year earlier for a seventh straight month, a Reuters poll showed, likely dragged down by lower housing costs.
The all-items consumer price index (CPI) was seen falling 0.5 per cent from a year earlier, according to the median forecast in a Reuters survey of 10 economists.
In April, headline CPI fell 0.5 per cent from a year earlier, the biggest drop since late 2009.
If CPI declines again in May, that would be the seventh straight month in which headline CPI fell year-on-year, matching a similar streak from November 2001 to May 2002.
