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27 November 2006

Singapore consumer price inflation down

Singapore’s annual inflation rate remained at 0.4% in October for a second consecutive month, the lowest since July 2005.

Growth of food prices, the largest component in the consumer price index, slowed to 1.6% year on year from 1.8% in September, while house prices rose at the slowest pace in a year, by 1.5%.

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com

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