S’pore core inflation near 14-year high of 5.1% in August on more costly food, services

SINGAPORE – Consumer prices in Singapore continued to climb in August and core inflation hit a near 14-year high, on the back of more costly services and food. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singaporean households more accurately, hit 5.1 per cent year on year, up […]

Economists cut Singapore’s 2022 growth forecast on inflation, global slowdown woes: MAS poll

SINGAPORE – Private-sector economists shaved their 2022 growth forecast for Singapore, citing the sharper-than-expected surge in inflation and the slowing economies of its trading partners as the key downside risks. The Republic’s economic growth was projected at 3.5 per cent for the full year, according to the quarterly survey of professional forecasters released by the […]