Dec 27, 2011 - PropertyGuru.com.sg
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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 dollar, which makes imports pricier, is also a contributing factor.
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December 2011 Property News
- Increase in industrial land supply to lower prices, rents
- Government identifies new SERS site
- Increase in industrial land supply to lower prices, rents
- Malls see increased takings over Christmas period
- FEO's The Tennery sold out
- Malls see increased takings over Christmas period
- East Coast residents' requests on relocation site under review
- Global investor confidence down in December
- S'pore prepares for countdown at Marina Bay
- Ten Mile Junction station resumes operations
Reader Comments: (1 comments)
Any predictions on what will the government plans to rein this inflation under control? Will tree interest rate be increased or will the Singapore government strengthen the sing dollar?