Singapore could skip deflation in October: poll

It would mean an end to two-year decline in consumer prices.

Singapore's consumer price index (CPI) is likely to be flat in October from a year earlier, escaping deflation for the first time in two years, helped by recent gains in global oil prices, a Reuters poll showed.

The median forecast in a Reuters survey of 17 economists was for the all-items CPI to be steady in October from a year earlier, after declining 0.2 percent in September.

Such a result would end a record 23 straight months of year-on-year declines in all-items CPI that began in November 2014. Headline CPI has been dragged down over the past two years by lower global oil prices as well as falls in housing rents and private transport costs.

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