SINGAPORE (Reuters) – Singapore’s main price gauge fell into negative territory for the first time in over a decade in February, data showed on Monday, with prices falling 0.1% from a year earlier.
Economists polled by Reuters had been expecting a 0.1% rise in core inflation – the central bank’s favored price measure – but instead declines in airfares and holiday expenses due to the coronavirus pandemic led to deflation for the first time since January 2010.
Singapore’s headline consumer price index rose 0.3% from a year earlier, slightly below poll expectations of 0.35%.
(Reporting by John Geddie; Editing by Muralikumar Anantharaman)
