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Inflation partially erodes Singaporeans' wage gains, but recovery still ongoing

Wages expected to continue growing, but bulk of increases could be eroded by rising consumer prices

Annabeth Leow
Megan Cheah

Annabeth Leow &

Megan Cheah

Published Tue, Feb 15, 2022 · 09:50 PM
    Post-pandemic pay bump

    Singapore

    THE median household income from work is now higher than pre-pandemic levels, as wages bounced back in 2021 from the previous year's decline, according to the latest figures from the Department of Statistics (SingStat).

    Wages are also expected to continue growing in 2022, observers have told The Business Times - although the bulk of the gains could still be eroded by rising consumer prices.

    Singapore economySingapore inflationSingapore manpowerWages

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