May consumer inflation negative again amid Covid-19 curbs

Singapore

THE deflation in key consumer prices persisted in May, as the novel coronavirus pandemic kept all costs subdued except for food items.

Singapore has since emerged from a two-month quasi-lockdown, but economists are unsure whether inflation will pick up in the next six months.

Core inflation, which turned negative in February, stood at -0.2 per cent in May, only a tad higher than the -0.3 per cent clocked in the month before.

Meanwhile, headline or all-items inflation fell from -0.7 per cent to -0.8 per cent, according to figures released by the Monetary Authority of Sin…

A NEWSLETTER FOR YOU

Friday, 8.30 am

SGSME

Get updates on Singapore's SME community, along with profiles, news and tips.

Sign Up