Singapore's inflation may remain elevated for years to come

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Singapore's inflation may remain elevated for years to come, according to a survey by the Singapore Management University (SMU) where it forecasts an inflation rate of close to 5 per cent in 2017.

The survey also found Singaporeans expect inflation to hit 4.4 per cent this year.

The online survey was derived from around 400 randomly selected individuals from Singapore households.

Economists said inflationary pressures in Singapore are not just asset prices boosted by liquidity, but homegrown prices as well, such as labour and rental costs.