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Singapore inflation rate hits 7.5 percent in April SINGAPORE -- Singapore's annual inflation rate rose to a new 26-year high of 7.5 percent in April as food, housing and transportation costs soared and is now a risk to the economy, the government said Friday. Food prices alone rose 8.5 percent, transportation and communication were 7.0 percent higher and housing costs became 11.8 percent more expensive, the statistics department said. It said April's inflation rate is the highest since February 1982, when it stood at 9.0 percent. |
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