Singapore April All-Items CPI Falls On-Year for 18th Month

Singapore’s headline consumer price index fell in April from a year earlier for a record 18th straight month, but the pace of decline moderated due to a low-base comparison, official data showed on Monday.

The all-items consumer price index (CPI) fell 0.5 percent from a year earlier, after sliding 1.0 percent in March, and compared to median 0.7 percent decline forecast in a Reuters poll.

Singapore’s core inflation gauge rose 0.8 percent in April from a year earlier, the biggest increase since March 2015. The median forecast was for an increase of 0.9 percent.

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.