http://www.bloomberg.com/news/2013-01-23/singapore-inflation-accelerates-narrowing-scope-to-ease-policy.html
Singapore’s inflation rate rose to the highest in three months in December, reducing the central bank’s scope to ease monetary policy to boost growth.
The consumer price index rose 4.3 percent from a year earlier, after climbing 3.6 percent in November, the Department of Statistics said in a statement.
Inflation has remained elevated even after the Monetary Authority of Singapore tightened monetary policy last year by allowing its currency to appreciate, as private property prices reached a record and the cost of owning a vehicle surged.
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