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…
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