Singapore’s inflation problem is unlikely to dissipate any time soon

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The story "Singapore’s inflation problem is unlikely to dissipate any time soon" was covered 2 months ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 2 mo ago

Singapore’s inflation problem is unlikely to dissipate any time soon - The Straits Times

Quick Summary:

January 28, 2023 5:00 AM - SINGAPORE – Signs of softening inflation have been emerging recently, but the persistent pace of gains in core consumer prices means the crisis is far from over.

Most economists believe consumer demand will continue to hold even if wage growth lags behind the pace of price increases.

This environment of high prices – here and in other advanced economies – challenges the market consensus that lower inflation can be achieved without a recession and a jump in unemployment.