22 May '11, 9am

S.Korea govt think-tank urges tougher inflation fight: SEOUL - SOUTH Korea's most influential government resear...

SEOUL - SOUTH Korea's most influential government research institute on Sunday raised this year's inflation forecast by nearly a full percentage point and called for stronger efforts to stabilise consumer prices. The Korea Development Institute (KDI) said in a report that consumer inflation would stay above the 4 per cent upper limit of the central bank's target band through the third quarter before easing below it in the final quarter. It now sees the consumer price index growing 4.1 per cent on average for the year, up from an actual 2.9 per cent gain in 2010 and its previous forecast of 3.2 per cent made in November last year. 'Over the near term, (policymakers) need to strengthen efforts to stabilise consumer prices such as moves to normalise interest rates,' it said, referring to the central bank's drive to return rate policy back to a pre-2008 crisis mode. The Bank o...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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Singapore inflation slows to 4.5% year-on-year ...

straitstimes.com 23 May '11, 5am

Sinagpore's inflation rate slowed to 4.5 per cent in April, with the rise in consumer price index largely due to higher tr...

Singapore inflation slows to 4.5% in April

straitstimes.com 23 May '11, 10pm

Sinagpore's inflation rate slowed to 4.5 per cent in April, with the rise in consumer price index largely due to higher tr...