SINGAPORE (AP) -- Singapore raised its 2011 inflation forecast Thursday as a booming economy and surging global food and energy costs boosted prices.
Prices will likely rise between 3 and 4 percent this year, one percentage point higher than the previous estimate, the Trade and Industry Ministry said. The government said it expects inflation to peak as high as 6 percent in the first half before dropping in the second half.
=> Calculated based on hawker food prices? In reality inflation to middle class is probably 10%.
Chinese stock picking up again:
Shanghai-A