Friday, February 24, 2012

S'pore core inflation at 3-year high of 3.5%

Business Times: Fri, Feb 24
(SINGAPORE) Even before Budget 2012's measures have had a chance to work their way into higher consumer prices, evidence of pass-through from earlier cost increases, including labour cost hikes, has surfaced in January's inflation data.

Consumer price inflation eased to 4.8 per cent last month from 5.5 per cent in December, but core inflation, which strips out accommodation and private transport costs, soared to a three-year high of 3.5 per cent...

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