finance minister has been claiming to appreciate S$ to curb inflation,but only to certain extent. if things are getting worse in the coming quarters, i think the govenment may try other metheds: 1. subsidies: doing now in a way of govenment bonus; 2. artificial interventions like price controls, will not likely to happen; 3. rates adjustment: may happen if things gets worse, but the impairment with Fed rates may create more long term troubles. 4. do nothing: since the recession fear is growing, just let market adjust itself. but this is slow and perhaps dangerous. summary: whatever we do, curbing inflation comes with some other tradeoffs. most of them are trading long term interest for short term relief. 现在我觉得政府是“以不变应万变”+ moderate intervention! personal view that inflation will still go on! this is simply the nature of economy.

新加坡更多用汇率对付CPI,很少调利息。现在的问题是，要对付CPI就要让新币升值，让新币再升值只能进一步损害出口以及增加本地商家的营运成本，长远影响新加坡的经济。 骑虎难下，官不好做。

利息是由市场决定的，目前持续走低，表明游资泛滥。游资涌入房地产，房价和租金大幅度上扬，CPI就创新高。让新元加快升值，或者加息反而更加吸引外资涌入，房地产升的越快。新元加快升值可能可以缓和进口食品的价格，但不能解决高通膨的问题。

CPI不包括房价和租金吧

......食品價格+5.8%，住房成本在1月份較去年同期增長11.1%，成為推動CPI加速上升另一重要原因......

CPI不包括房价和租金吧