Singapore’s inflation rate exceeded 5% for a seventh month, and policy makers said prices will remain “elevated.” The consumer price index rose 5.5% in December from a year earlier, the Department of Statistics said in a statement today. That matched the median estimate of 18 economists surveyed by Bloomberg News. Inflation was 5.7% in November, according to previously reported data. Price gains …
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South Korea is prepared to take “prompt” action to stabilize markets should it be needed as Europe’s sovereign debt crisis deepens, the country’s vice...