Global inflation adding to Singapore business, consumer woes

Watchers fret over whether Republic - with its high exposure to global trade - will see end-prices go up, despite MAS' restrained inflation outlook

Annabeth Leow

Published Thu, Sep 30, 2021 · 05:50 AM

Singapore economy

Singapore

WHOLESALE prices have risen sharply ahead of consumer price growth, on global supply crunches amid the Covid-19 pandemic.

Though the pass-through "appears to be weak at the moment, higher producer prices could eventually seep into consumer prices", Asean+3 Macroeconomic Research Office (Amro) analysts recently warned.

KEYWORDS IN THIS ARTICLE

Singapore inflation

Business sentiment

Inflation

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Singapore

Global inflation adding to Singapore business, consumer woes

Annabeth Leow

KEYWORDS IN THIS ARTICLE

Economy & Policy

Daily Debrief: What Happened Today (Apr 26)

Singapore must prepare for slower growth at higher costs: MAS

Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29

Singapore factory output reverses into negative territory in March, down 9.2%

Singapore’s growth should strengthen to ‘around potential rate’, output gap to close by end-2024: MAS

Gan Kim Yong visits US and Canada; to mark 20th anniversary of US-Singapore FTA

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