Singapore's key price gauge flashes deflation for first time in decade on virus woes

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Singapore's key price gauge flashes deflation for first time in decade on virus woes
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Singapore's main price gauge slipped into deflation for the first time in o...

SINGAPORE - Singapore’s main price gauge slipped into deflation for the first time in over a decade in February, data showed on Monday, as the coronavirus pandemic drove declines in airfares and holiday expenses.

But the downturn in prices in the services sector due to the outbreak led to a fall of 0.1% from a year earlier - the first deflationary print since January 2010.

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