Singapore's consumer price index (CPI) in December contracted by 0.2 percent year on year, representing a second straight month of CPI deflation, the Department of Statistics said on Friday.
The deflation in December was mainly due to fluctuations in the premiums for car ownership certificates, the Monetary Authority of Singapore and the Ministry of Trade and Industry said.
The deflation came after a contraction of 0.3 percent in the CPI in November.