INFLATION FIGURES GROW HIGHER THAN EXPECTED
Ending the generally gloomy economic year, inflation for November has reached higher levels than expected, amid deepening concerns over slow economic growth, according to the Straits Times.
Exceeding market expectations of 5.3 percent, the report noted that consumer prices surged by 5.7 percent compared to a year ago. According to data released by the Department of Statistics, the new inflation figure was due mainly to the increase of housing, food and transport costs.
The report added that the weaker Singapore
Info courtesy - PropertyGuru.com.sg
