Higher water, car park charges to have 'small' impact on inflation: Koh Poh Koon

Singapore

THE government's moves to raise the water tariff and car park charges will contribute to a "temporary increase" in inflation this year, said Senior Minister of State for Trade and Industry Koh Poh Koon on Monday.

He stressed that the impact of such administrative price adjustments was expected to be "small", contributing about 0.2 percentage point to inflation this year.