Singapore’s inflation unexpectedly accelerated to the fastest pace since 2008 as housing and food costs climbed, complicating the central bank’s decision ahead of a policy review next month as risks to growth rise.
The consumer price index rose 5.7 percent in August from a year earlier, the Department of Statistics said in a statement today. That compares with the 5.2 percent median estimate of 18 economists surveyed by Bloomberg News. Inflation was 5.4 percent in July, according to previously reported data. Full story
