24 Oct '11, 9pm

"We think that inflation has probably peaked for Asia, including Singapore," an economist says

SINGAPORE - Inflation eased to 5.5 per cent last month - down from 5.7 per cent in August - as some economists expressed hope that inflation had gone past its peak. According to the Department of Statistics, the decline was mainly attributed to relatively lower costs of private road transport - due to the drop in Certificate of Entitlement (COE) premiums - clothing and footwear as well as cheaper holiday travel. On a month-on-month basis - between August and last month - the Monetary Authority of Singapore's (MAS) core inflation measure, which excludes the costs of accommodation and private road transport, was flat. On a year-on-year basis, core inflation was measured at 2.1 per cent last month. In August, it was 2.2 per cent. OCBC economist Selena Ling said: "In general, we do think that inflation has probably peaked for Asia, including Singapore. And while it may be slow...

Full article: http://www.todayonline.com/Hotnews/EDC111025-0000185/Infl...

Tweets

Singapore inflation up 5.5% in September from a year ago on higher housing, transport and food costs

Singapore inflation up 5.5% in September from a...

straitstimes.com 24 Oct '11, 5am

Singapore's consumer price index (CPI) rose by 5.5 per cent in September 2011 compared to a year ago mainly on higher hous...

China braces for inflation fight

channelnewsasia.com 23 Oct '11, 3am

SHANGHAI: China's Premier Wen Jiabao has called for more steps to fight stubbornly high inflation, especially surging food...

Singapore inflation will remain high: MAS

channelnewsasia.com 27 Oct '11, 5am

SINGAPORE: Inflation is likely to remain elevated until mid-2012 before easing as the economy slows, the Monetary Authorit...