Singapore’s inflation might have hit a fresh 25-year high last month as imported food and energy costs soared. A Dow Jones Newswires poll of economists forecast the consumer price index to have risen 4.3 per cent from a year earlier in December, after increasing by 4.2 per cent in the previous month. November’s price rise was the fastest since 1982. Forecasts for the data, due at 1pm today, ranged...
Inflation
If it seemed to you that seeing the doctor or eating out is becoming more expensive of late, you were spot on. Inflation rose at the fastest pace in 12 years last month — as the Goods and Services Tax (GST) hike kicked in, food costs rose and rents soared. The Consumer Price Index (CPI) rose 2.6 per cent from a year earlier after rising 1.3 per cent in June, the Department of Statistics said yesterday....