Consumer Price Developments in April 2015
All Items inflation eased to -0.5% in April from -0.3% in March, mainly on account of a sharper price decline in oil-related items and a moderation in services inflation. The cost of oil-related items fell by 11.7% in April, following the 7.9% decrease in the preceding month, as electricity tariffs were reduced further owing to lower global oil prices. Services inflation eased to 1.1% from 1.5% a month earlier, largely led by a fall in holiday travel cost and the waiver of national examination fees.
Please click here for the press release: InflationApr15.pdf
MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
25 May 2015