2008-04-24 14:53:09
Singapore inflation hits 6.7 % in March
SINGAPORE CITY: Singapore's annual inflation was 6.7 percent last month, the highest in 26 years, According to the Department of Statistics. It said the consumer price index (A consumer price index (CPI) is an index number measuring the average price of consumer goods and services purchased by households. ) was boosted by higher costs of food, transport, communications and housing. The March consumer price index figure was down 0.1 percent from February's figure, the department added. On a seasonally adjusted basis, the index was 0.3 percent higher in March compared with the previous month, it said. Inflation reached 6.6 percent in the first three months of 2008, compared with the same period last year.
source: http://www.commodityonline.com/news/globalnews/newsdetails.php?id=7584
and yall can also read MY PAPER, friday's copy, pageA16. its on "Inflation, stagnant wages put squeeze on European dream." Its basically about families who enjoyed high qualitly of living are now pinching pennies and cutting back on extras. "some governemnts are promising relief, but their ability to curb inflation or riase pay is limited."
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