by Fiona Chan

AFTER coming in at zero per cent this year, inflation is likely to pick up again next year, on the back of higher oil and food prices.

The Monetary Authority of Singapore (MAS) has flagged these two factors as the main drivers of inflation next year, predicting it will rise to 1 per cent to 2 per cent.

In its twice-yearly monetary policy statement yesterday, the central bank also said inflation is likely to be around zero per cent this year.

For more The Straits Times stories, click here.