Economists expect broader price hikes amid Gulf war, as Singapore’s core inflation rises in March
More sectors to be hit by higher energy and input costs, with firms to pass them down to consumers
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[SINGAPORE] Private-sector economists warned of broader price increases in the coming months, as they expect higher energy and input costs triggered by the Gulf war to trickle down to a wide range of sectors.
Despite higher inflation on the horizon, economists were split on the Monetary Authority of Singapore’s (MAS) next move in July, though more expect no change to policy settings.
Both Singapore’s core and headline inflation rose in March, data from the Department of Statistics showed on Thursday (Apr 23).
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