MAS explains Inflation are caused by COE premiums

[8::::::D]

Inflation will ease in second half: MAS

THE Monetary Authority of Singapore (MAS) reassured the public yesterday that the current rise in prices is expected to ease later this year.

'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,' the central bank said, referring to the jump in certificate of entitlement (COE) prices over the last few months.

'However, we expect it to moderate in the second half of 2011,' it added in a brief two-paragraph statement.

The MAS said it has 'received a number of queries on the issue of rising inflation'.

Inflation hit a two-year high of 4.6 per cent in December and economists now expect full-year inflation to come in above the MAS forecast of 2 to 3 per cent.

The MAS also said it 'continuously monitors price developments closely, and will announce any revision to the inflation forecast' when it releases the fourth-quarter economic data next month.

 

[annexa]

They always "moderate" our salary in bad economy. Now inflation right? So our salary should "moderate" upwards to match. Then in second quater when "moderate" then our salary increase can "moderate" also.

Talk cock.

 

[Watchman]

2 -3 percent is before election .

Inflation will go 6 - 10 percent in 2011 .

 

[slohand2]

Alert ! This is pure pre - election talk. Notwithstanding the rise of COE and housing, which is direct lack of action from our government, the prices of food and staples are surging around the world due to bad weather conditions. This is made worse by the fact that there is a lot of speculation by large funds which seizes on the opportunity to make a killing. Inflation can only get worse, not moderate like they say. In the last election, the Hen posed the issue of whether opposition can bring down the price of oil. Thats a silly challenge, because no one can, and neither can the best brains.

 

[johnny333]

which is direct lack of action from our government, the prices of food and staples are surging around the world due to bad weather conditions. This is made worse by the fact that there is a lot of speculation by large funds which seizes on the opportunity to make a killing..

Don't forget that the owners of Spore Inc are contributing to problem. Just look at the increases of utlities, rentals, COE, public transport, ....

The PAP gov't is contributing to the problem. Sporeans can do something about it in the comming GE. Whether they do is up to them

 

[8::::::D]

the obvious solutions is to scrap COE so that inflation will come down