| NEWS ARCHIVES |
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| Inflation in Singapore expected to see slower growth |
| 19 Feb 2010 |
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Singapore is likely to see lower price increases this year.
The Ministry of Trade and Industry (MTI) says the inflation forecast has been revised to between 2 and 3 percent.
That’s lower that the 2.5 to 3.5 percent forecast expected previously.
MTI says the revision is attributable to the rebasing of the consumer price index or C-P-I to 2009.
The re-basing has resulted in changes to the weights of goods and services in the CPI, as well as to methodological improvements.
The Monetary Authority of Singapore’s underlying inflation forecast, which excludes the cost of accommodation and private road transport, remains at 1 to 2 percent. |