SINGAPORE (Reuters) – Singapore’s main price gauge contracted for a second consecutive month in March, data showed on Thursday, with prices falling 0.2% from a year earlier.
Core inflation – the central bank’s favoured price measure – was expected to fall 0.4% based on five economists’ forecasts. The gauge entered negative territory in February for the first time in a decade.
Singapore’s headline consumer price index was flat at 0% from a year earlier, the lowest level since January 2018, versus expectations for 0.25% drop.
Authorities have said they expect core and headline inflation to average between 1% and 0% in 2020.
(Reporting by Aradhana Aravindan and John Geddie in Singapore; Editing by Muralikumar Anantharaman)
