SINGAPORE (June 23): Singapore’s core consumer price index (CPI) or inflation remained in negative territory in May.

Core inflation, which registers inflation levels excluding accommodation and private transport costs, fell 0.2% y-o-y in May, compared to the 0.3% contraction in April, according to the Monetary Authority of Singapore (MAS), and the Ministry of Trade and Industry (MTI). This is the fourth consecutive month that core inflation has contracted.

The slight improvement was attributable to smaller declines in the costs of services and electricity, as well as higher food inflation, they said in a joint statement on Thursday.

Meanwhile, CPI-all items inflation fell for the second month in a row, to 0.8% y-o-y in May, from the -0.7% in the previous month. This was mainly due to...(click on link for full story on theedgesingapore.com)