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
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.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Johor property old hand KSL readies family handover amid market boom
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned