Singapore will fail to escape deflation in 2015: poll

Full-year inflation will be -0.2%.

Singapore will remain stuck in the grip of deflation for the rest of 2015, as low energy prices, slowing economic growth, and a series of policy measures continue to weigh down the headline Consumer Price Index.

The Monetary Authority of Singapore’s (MAS) latest Survey of Professional forecasters showed that analysts expect the headline CPI-All Items inflation to register at -0.2% in 2015, compared to 0.0% in the previous survey.

Meanwhile, the MAS Core Inflation figure is expected to remain positive at 0.5%, below the 1% in the previous survey.

Singapore entered its ninth consecutive month of negative inflation in July, with the headline figure coming in at -0.4% year-on-year.