Singapore to allow more cars in move to slow inflation

Newswire

SINGAPORE, May 30 (Reuters) - Singapore will allow its car population to grow at a faster pace in the next few months, it said on Wednesday, a move expected to ease inflationary pressures in the city-state. Inflation in Singapore accelerated to 5.4 percent year-on-year last month, with private road transport prices rising 8.2 percent. Private road transport, which includes car prices, has a 11.66 percent weighting in the consumer price index (CPI). The Land Transport Authority (LTA) said it ...

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