摘要：Inflation accelerated in 2005 as large energy-financed
fiscal injections supported a strengthening of domestic
demand, while supply-side factors continued to
drive increases in the cost of food and high global
oil prices contributed to raising the cost of imports.
Headline inflation averaged 6.9 percent in 2005 compared
with 3.7 percent in the previous twelve months
and measured 7.2 percent year-on-year to December.
During the year the absorptive capacity of the economy
appeared to come under stress as the accelerated
pace of execution of government projects and easy private
sector access to credit led to reported shortages
of some construction materials and skilled labour. In line
with the strong growth of the economy imports surged
in 2005 and this coincided with a sharp rise in import
prices. The unit value of imports increased by 9.9 percent
in the twelve months to June. Other factors such
as rising shipping rates and congestion charges at the
port also affected the landed cost of imports in 2005.
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