“MAS has received a number of queries on the issue of rising inflation. As noted in MAS’ November 2010 Inflation Report (290.1 KB), headline inflation is expected to be higher over the next few months, mainly due to the recent surge in COE premiums and global food prices.  However, we expect it to moderate in the second half of 2011.

MAS continuously monitors price developments closely, and will announce any revision to the inflation forecast at the media briefing for the release of Fourth Quarter and Annual 2010 Economic Results in the Economic Survey of Singapore in February.”

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