Singapore International Political Economy

Inflation in the Singapore economy slowed to 6.5 percent in July according to AFP.

The Singapore inflation rate is down from its July high of 7.5 percent and its 26 year peak reported in April, May and June and is offering some relief to what the Singapore Prime Minister Lee Hsien Loong considers Singapore’s most pressing issue.

Singapore’s central bank raised its 2008 inflation forecast for the Singapore economy late last month from 5 to 6 percent to 6 to 7 percent.