Singapore inflation

Their previous forecast was in the 4.5% to 4.9% range.

It rose to 7% YoY.

Investors are allocating 70% of their funds portfolio to money market funds.

Economy grew by 4.8% year-on-year in the second quarter of 2022.

To transform, Lee said Singapore should increase its productivity.

A further tightening of monetary policy in October is also likely.

It accelerated due to higher private transport, and accommodation inflation.

In June, the government announced a $1.5b support package for lower-income groups.

In March, consumers expected a 4.1% inflation for 2023.

Experts believe that the S$NEER slope will be raised to 2% in October.

Core inflation is expected to rise above 4% in the near term.

The headline and core inflation climbed to multi-year highs in May 2022.

Inflation is amongst the top concerns of Singaporeans today.

The last increase related to sin taxes was in 2018.

It accelerated due to higher private transport, food, and services inflation.

This is despite higher-than-average inflation of 5%.