Published:
Government warns inflation could rise up to 6 % in 1H 2011
Singapore economy is facing a tighter labour market and inflationary concerns that may prompt further monetary tightening.
According to the Ministry of Trade and Industry, inflation is expected to rise further to 5.0 to 6.0 per cent in the first few months of this year. Thereafter, inflation should moderate, especially in the second half of the year.
For 2011, the inflation forecast has been revised from 2.0 to 3.0 per cent to 3.0 to 4.0 per cent. The Monetary Authority of Singapore's core inflation forecast, which excludes the cost of accommodation and private road transport, remains unchanged at 2.0 to 3.0 per cent.
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