November, 2007
Main Stories, Uncle Leong - Thursday, November 29, 2007 9:34 - 12 Comments
Uniquely Singapore, F1 or F9?: Inflation up, HDB property tax up, statistics disappear, Ministers’ pay up again soon
By Leong Sze Hian
I refer to the article “Taming inflation” (ST, Nov 25). Amidst all the statistical jargon in the media such as:
… September CPI year-on-year 2.7%
… October CPI year-on-year 3.6%
… October CPI month-on-month 1.3%
… the good news is that inflation is set to come down by the end of next year. The bad news? It is likely to climb higher before coming down.
… Trade and Industry Minister Lim Hng Kiang recently told Parliament that inflation could go as high as 5 % in the first quarter of 2008 before moderating for the rest of the year to range between 3.5 and 4.5 %.
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