INFLATION WATCH
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Wage recovery to put more stress on rising consumer costs
Published Tue, Nov 30, 2021 · 05:50 AM
Singapore
RISING wages will push up Singapore inflation in 2022, although external forces remain the main culprit behind price increases, labour-market watchers told The Business Times.
Continued border closures have put upward pressure on salaries, which are also picking up from a pandemic-related trough in 2021 - and the cautious border reopening is unlikely to provide near-term relief.
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