Bloomberg.com, 25 Aug 2008, Shamim Adam
Aug. 25 (Bloomberg) -- Singapore's inflation slowed for the first time in five months in July as prices of food and transportation eased, alleviating pressure on the central bank to allow faster gains in the currency.
The consumer price index jumped 6.5 percent from a year earlier, after rising 7.5 percent in June, the Department of Statistics said today. That was faster than the median forecast of a 6.1 percent increase in a Bloomberg News survey of nine economists. Prices rose 1.2 percent from June.
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