Singapore's headline inflation turns negative in April

Singapore

LOWER oil prices, the softening labour market and deteriorating consumer demand are likely to keep a cap on domestic prices, said economists following official inflation data released on Tuesday.

Singapore saw headline inflation turning negative in April at -0.7 per cent, easing further from a zero figure seen in March and under the median contraction of 0.5 per cent predicted by private-sector economists in a Bloomberg poll.