April 28 (Bloomberg) -- Singapore’s inflation gains may become “steep” in coming quarters as improvements in the city- state’s labor market boost wages and businesses pass on higher costs to consumers, the central bank said.The consumer price index may rise 4 percent by the fourth quarter, accelerating from March’s 1.6 percent gain, the Monetary Authority of Singapore, or MAS, said in a twice-yearly review today. Growth drivers are likely to be “intact” and the level of economic activity will probably be “sustained at a high level,” according to the report. Full Story
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