FW: RHB | Singapore | Consumer Prices Slip, Uneven Global Demand Outlook Increases Pressure For Further Easing

Economic Research	25 August 2015
Singapore
Economic Highlights
Consumer Prices Slip, Uneven Global Demand Outlook Increases Pressure For Further Easing Singapore’s consumer price index (CPI) declined 0.4% y-o-y in July, retreating from -0.3% in June and matching the pace of decline in May. Prices were driven lower by a decrease in transport and food cost. However the fall was cushioned by housing & utilities price inflation. Meanwhile, core inflation climbed 0.4% y-o-y in July, doubling its +0.2% reading recorded in June. Economist:  Ng Kee Chou | +603 92802179
To access our recent reports please click on the links below: 18 August 2015: Singapore NODX Recovery Unable To Gain Traction, As Global Recovery Remains Slow And Uneven 12 August 2015: Slight Upward Revision For Singapore’s 2Q GDP But Manufacturing Worries Mount 02 August 2015: Broad Money Slows While Loan Growth Turn Positive 27 July 2015: Industrial Production Plunge Highlights Slower Than Expected Recovery 24 July 2015:Consumer Prices Remain Deflationary, But Trending Upwards