(RTTNews) - Consumer prices in Singapore fell 0.5% year-on-year in July, at the same pace as in June, the Department of Statistics said Monday. Economists expected an increase of 0.3%. Excluding accommodation costs, consumer prices fell 1.3%.

Compared with the previous month, consumer prices rose 1.1% in July, mainly due to higher costs of housing as also transport and communication. Excluding accommodation costs, consumer prices were up 0.6%. Seasonally adjusted, consumer prices climbed 0.3%.

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