09 Mar '11, 5am

Singapore inflation to hit 4% in 2011: MAS survey

Singapore inflation to hit 4% in 2011: MAS survey

Singapore's inflation rate could hit 4 per cent this year, according to MAS's quarterly survey of economic forecasters. -- PHOTO: ST SINGAPORE'S inflation rate could hit 4 per cent this year, the highest level since 2008 and at the upper end of an official forecast range of 3-4 per cent, according to the central bank's quarterly survey of economic forecasters released on Wednesday. The Monetary Authority of Singapore (MAS) said the median estimate of 20 private sector economists also showed inflation could hit 5.4 per cent in the first quarter. Singapore's annual inflation spiked up to 5.5 per cent in January, far higher than analysts' expectations. The MAS survey comes ahead of next month's monetary policy review when many economists expect the central bank will allow further currency appreciation to tame inflation. Singapore, like most other Asian countries, is grappling...

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

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