Singapore’s inflation accelerated to the fastest pace since January as transportation and housing costs increased, maintaining pressure on the central bank to allow the currency to strengthen even as growth falters.
The consumer price index rose 5.4 percent last month from a year earlier, the Department of Statistics said in a statement today. That’s higher than the median estimate of 13 economists surveyed by Bloomberg News for a 5 percent gain. Inflation was 5.2 percent in June, according to previously reported data. Full story
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