The Business Times
business-time-50
NEWS ANALYSIS

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The exterior (left) and interior (right) views of Waterwall House, featuring glass interfaces, open voids, split levels and raw concrete walls.

    Rare brutalist Singapore house opens to the public before changing hands

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More