Singapore inflation rate hits 7.5 percent in April, new 26-year high

Singapore's annual inflation rate rose to a new 26-year high of 7.5 percent in April as food,
housing and transportation and communication costs soared, the government said Friday.
Food prices alone rose 8.5 percent, transportation and communication were 7.0 percent higher and housing costs became 11.8 percent more expensive, the statistics department said.
"External price pressures have continued to contribute significantly to our domestic headline inflation numbers," the trade ministry said in a separate statement.
"Oil and food prices have risen more rapidly and are expected to remain elevated over the near term."
Oil prices surged to unprecedented record peaks of more than 135 dollars a barrel on Thursday and analysts said it could still go higher.
The trade ministry and the Monetary Authority of Singapore have bumped up their forecast for inflation this year to 5-6 percent from 4.5-5.5 percent.

Tiny Singapore, Southeast Asia's most advanced economy, imports most of its needs because it lacks the natural resources and agricultural base of its much bigger neighbours.


Today, i am so free to post so much....so much things to do beside working ....haizzz
How i wish i got the cash power to stay not working .....:p