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    • Businesses such as vehicle inspection company Vicom can charge higher prices to offset inflation without suffering a fall in demand.
    • Businesses such as vehicle inspection company Vicom can charge higher prices to offset inflation without suffering a fall in demand. PHOTO: BT FILE

    Royston Yang

    Published Wed, Dec 28, 2022 · 05:50 AM

    AS 2022 draws to a close, there is no shortage of commentary about what a turbulent year it has been.

    The mood turned bearish around March when the US Federal Reserve hiked interest rates for the first time in three years as inflation came in hotter than expected.

    Initially, the stock market did not react strongly to this move.

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