Singapore: Singapore's headline inflation rate in
January rose 4.8% year-on-year, easing from the 5.5% on-year rise
in December 2011.
The 4.8% rise in the consumer price index (CPI) was
the lowest year-on-year increase since
May.
However core inflation - which excludes private
property rentals - rose to a three-year high of 3.5%.
The Monetary Authority of Singapore (MAS) and Ministry of Trade and
Industry (MTI) warned inflation will likely remain elevated in
coming months.
Analysts say this indicates inflation remains a concern and that
monetary
authorities are likely to keep policy tight.
- CNA/ir
