Retail in Asia

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Singapore inflation likely picked up in Apr

Singapore’s inflation probably accelerated in April as a tight job market is pushing up wages in industries relying on foreign workers, adding to pressures posed by rising rents and car prices.

Wage costs are rising at businesses as the government clamps down on foreign workers amid complaints from citizens about overcrowding and stagnant salaries for lower income workers, which are making their presence felt throughout the economy.

The consumer price index (CPI) likely rose 5.4 percent on a year-on-year basis last month, up from 5.2 percent in March.