Today, the Singapore government announced GDP (Gross Domestic Product) up 2.1% in 2Q2008 while CPI (Consumer Price Index) up 6.5% in Jul 2008. The CPI for Jul 2008 increased by 1.2% over Jun 2008 due mainly to higher costs of housing and food.
Singapore Department of Statistics Press Release
http://www.singstat.gov.sg/news/news/cpijul2008.pdf
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