Singapore expects 2011 inflation to surge near 6 pct

Bloomberg, 17 Feb 2011SINGAPORE (AP) — Singapore raised its 2011 inflation forecast Thursday as a booming economy and surging global food and energy costs boost prices.Prices will likely rise between 3 and 4 percent this year, one percentage point higher than the previous estimate, the Trade and Industry Ministry said. The government said it expects inflation to peak as high as 6 percent in the