Reuters, 19 Nov 2009
SINGAPORE, Nov 19 (Reuters) - Singapore said on Thursday that an upward revision in its forecast for the consumer price index in 2010 was due to a pending increase in property tax rather than any broader increase in underlying inflation.
Singapore revised its inflation forecast for 2010 to a range of 2.5 percent to 3.5 percent, from an earlier projection of 1-2 percent, citing an increase in the property tax that will take effect next year.
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