mti: higher january inflation consistent with official forecast
The 6.6 per cent year-on-year increase in Consumer Price Index (CPI) in January 2008 was consistent with the official inflation forecast of 4.5 to 5.5 percent for 2008 as a whole, according to Singapore’s Ministry of Trade and Industry (MTI). The inflation was partly fuelled by costlier transport, healthcare, food and clothing. …