13 Feb '11, 10am

Budget 2011 to include measures to cushion inflation impact: experts: SINGAPORE: Experts have said that Budget 2...

Budget 2011 to include measures to cushion inflation impact: experts: SINGAPORE: Experts have said that Budget 2...

SINGAPORE: Experts have said that Budget 2011 on Friday is likely to include measures to help cushion the impact of inflation for the short term, as well as long term measures aimed at growing the economy. Singapore's economy grew at an impressive rate of 14.7 per cent last year, but the Consumer Price Index (CPI), which measures inflation, was at its highest in two years last December at 4.6 per cent. Food prices went up and transport costs soared, among others, partially as a result of higher COEs and petrol prices. Experts said while workers may also see their wages go up, their spending power can still be limited by inflation. And while inflation is likely to remain high in the next few months before tapering off, they said that the government is in a good position to extend some temporary relief especially to the needy. Associate Professor Tan Khee Giap, Co-Director o...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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