Country to continue with measures to curb elevated inflation.

By bne IntelliNews May 16, 2012
Singapore is likely to continue with fiscal as well as macro prudential measures in order to reduce price pressures, particularly in accommodation and private-road transport, which are projected to keep inflation elevated over the coming months. As reported by Dow Jones Chinese Financial Wire, the consumer price index (CPI) is projected to remain at about 5% over the next few months. The country's full-year inflation is forecasted to record between 3.5%-4.5% this year.

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