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
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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.
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