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Singapore's consumer price index declines across all household groups in 2H2020

Amala Balakrishner
Amala Balakrishner1/28/2021 9:24 AM GMT+08  • 2 min read
Singapore's consumer price index declines across all household groups in 2H2020
The CPI level of households from the lowest 20% income group had the largest decline of 0.2% y-o-y.
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Singapore’s core and headline inflation remained in the red in the second half of 2020, with the consumer price index (CPI) inching down by 0.2% y-o-y, unchanged from 1H2020.

A substantial drag came from the prices of petrol, electricity, outpatient services and clothing & footwear, the Department of Statistics (Singstat) says.

Core inflation registers price increments to sectors other than accommodation and private transport, while headline inflation reflects the total inflation in an economy.

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