Bloomberg.com, 21 Jan 2009, Shamim Adam
Jan. 21 (Bloomberg) -- Singapore’s government forecast consumer prices may fall this year after inflation eased in December for a third month, giving the central bank room to allow the currency to weaken further and boost the economy.
Consumer prices may hold steady or fall 1 percent this year, the government said today. The consumer price index increased 4.3 percent last month from a year earlier, after gaining 5.5 percent in November, the Department of Statistics said. That was slower than the 4.7 percent median forecast of 12 economists in a Bloomberg News survey.
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