Singapore retail prices fell by 0.6 per cent in August, according to the government’s CPI data.
The fall follows no change in July and largely refelects falling prices for clothing and footwear, according to government figures.
Food inflation, however, rose 1.9 per cent, unchanged from the previous month. Price increases for both non-cooked food items and prepared meals were broadly stable.
When all prices are taken into account, inflation fell 0.8 per cent in August, double the July fall of 0.4 per cent. This was mainly due to the lower cost of running a car, due largely to a reduction in the Certificate of Entitlement cost for running a car, down from a high base 12 months ago.
Accommodation costs declined 2.9 per cent, extending the 2.8 per cent drop in the previous month, as the housing rental market continued to soften.
Core inflation, which excludes the costs of accommodation and private road transport, moderated to 0.2 per cent from 0.4 per cent in July, reflecting lower services and retail goods inflation. the government statistics office said.
