Bloomberg, 17 Feb 2011
SINGAPORE (AP) — Singapore raised its 2011 inflation forecast Thursday as a booming economy and surging global food and energy costs boost prices.
Prices will likely rise between 3 and 4 percent this year, one percentage point higher than the previous estimate, the Trade and Industry Ministry said. The government said it expects inflation to peak as high as 6 percent in the first half before dropping in the second half. Full story
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