S'pore Still Expects Inflation To Ease In H2: Hng Kiang

Source : The Business Times, May 26, 2008

Inflation in Singapore, running at a 26-year high, is still expected to ease in the second half of this year, despite the record price of oil and sharply higher food costs, the country's trade minister said on Monday.

Speaking in Singapore's parliament, Trade Minister Lim Hng Kiang said that he expected the sharp run-up of food prices to ease in the second half of the year. -- REUTERS