SINGAPORE: Singapore’s consumer prices recorded their biggest year-on-year drop in five years in April, an outcome analysts said could open the way to further monetary easing if economic growth disappoints later this year.
The all-items consumer price index fell 0.5% in April from a year earlier, official data showed. That was the largest drop since late 2009 and exceeded the 0.1% drop expected by economists in a Reuters poll.
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