INFLATION WATCH
·
SUBSCRIBERS
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Iswaran’s lawyers contest prosecution’s call for separate trials related to Ong Beng Seng, David Lum
Trade between Singapore and Asean was at S$295.6 billion in 2023
AI lacks judgement to set interest rates, MAS chief says
Iras to claw back S$60 million from buyers who used ‘99-to-1’ loophole to avoid ABSD
Daily Debrief: What Happened Today (May 7)
Two men convicted in S$3 billion money laundering case deported to Cambodia