23 Nov '11, 11pm

Weak Singapore dollar a reason inflation's high

By Aaron Low, Economics Correspondent A combination of persistently high car prices and a weaker Singapore currency is keeping inflation stubbornly high, even as economic growth slows down. The consumer price index (CPI) eased slightly to 5.4 per cent in October from last year - the fifth consecutive month that inflation has exceeded 5 per cent, according to the Department of Statistics (DOS) on Wednesday. The good news is that inflation should ease off into the new year as the weaker global economy results in lower demand for commodities, said economists. October's rise was mainly due to pricier accommodation, private road transport and food, said DOS. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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