Inflation has likely peaked

CPI inflation is expected to moderate from now on, said Minister Lim Hng Kiang.

According to his reply to Mdm Ho Geok Choo's question about the impact on inflation, assuming no further escalation in global oil prices, the ministry expects the full-year headline CPI inflation to stay within the current forecast range of 3.0 to 4.0 per cent.

Inflation, which rose by 5.2 % on a year-on-year basis in the first two months of 2011, is expected to moderate.

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