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Inflation to ease next year
Fri, Nov 21, 2008
The Straits Times

By Robin Chan

INFLATION will continue to ease next year the Ministry of Trade and Industry said.

The forecast for inflation next year was revised down to 1 to 2 per cent from the previous range of 2.5 to 3.5 per cent.

Permanent Secretary for Trade and Industry Peter Ong explained that this was due to lower global crude oil prices and and 'lower than expected' HDB property values domestically next year.

 

 

 

 


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