Singapore CPI seen at 26-year high in April on rising oil, food prices

Forbes.com
22 May 2008

SINGAPORE (Thomson Financial) - Inflation in Singapore probably accelerated to a fresh 26-year high in April as the continued climb in oil and food prices outweighed the impact of a stronger Singapore dollar, economists said.

A Thomson Financial poll of five economists estimated Singapore's consumer price index (CPI) increased an average 7.1 percent in April from a year earlier, following a 6.7 percent rise in March, the highest recorded in 26 years.

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