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Even as Singapore’s inflation cools, bringing it all the way back down will be tough

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Sharon See

Sharon See

Published Mon, Jan 29, 2024 · 10:30 AM
    • Disinflation may pause in the first half of the year amid higher GST and utilities costs, as well as wage cost pressures, say economists.
    • Disinflation may pause in the first half of the year amid higher GST and utilities costs, as well as wage cost pressures, say economists. PHOTO: BT FILE

    THOUGH inflation in Singapore has slowed in the past year and is expected to cool further in 2024, getting it back to historical levels will be tough, said economists.

    This is even as headline inflation cooled to 3.7 per cent in December, having trended down from a high of 7.5 per cent in August 2022.

    The Monetary Authority of Singapore (MAS) deems current monetary policy settings “appropriate” and opted to stand pat on Monday (Jan 29) at the first review of its new quarterly schedule.

    Singapore inflationSingapore economyInflationUS inflation

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