Economics corner

Singapore's core inflation rose further to 4.8 per cent in July.

Inflation in July:

• Food 6.1%
• Electricity and gas 24%  (larger increase in electricity and gas tariffs)
• Accommodation 4.6%
• Services (outpatient services, airfares, as well as recreational and cultural services)  3.5% 
• Private transport 22.2%
• Retail and other goods 2.8%

Source: https://www.channelnewsasia.com/singapore/core-inflation-rises-stronger-increase-food-electricty-gas-prices-2894531

What are the main drivers of the inflation?

How can the impact of inflation be mitigated?

Inflation started in 2021

Inflation measures how much more expensive a set of goods and services has become over a certain period.

https://www.channelnewsasia.com/singapore/why-singapore-inflation-rising-prices-higher-what-can-be-done-2463081

https://www.syfe.com/magazine/singapore-inflation-hits-10-year-high-heres-how-to-manage-your-money/