Consumer spending may be hit by inflation in 2019

Singapore

REAL private consumption next year is likely to rise by 4 per cent amid real wage growth and a tight labour market, but consumer spending and sentiment may be weighed down by the threats of rising imported inflation.

That's the prediction of a Fitch Solutions Macro Research report published on Wednesday. The projected 4 per cent increase in real private consumption would be an increase from the 3 per cent for this year.