Alvin Tan on inflation outlook
Inflation in Singapore has eased in recent months and should slow further for the rest of the year as import costs are likely to remain lower relative to a year ago. However, there are still upside risks, including from further shocks to the global economy, commodity prices and supply chains. Minister of State for Trade and Industry Alvin Tan said this in Parliament on Tuesday (Sep 19) in response to MPs’ questions. Outlining measures to help households and businesses cope with inflation, he said the Government will continue to monitor trends and do more if necessary. He also addressed the rise in global rice prices due to India’s export curbs, as well as the impact of global oil prices which are expected to stay elevated.
Inflation in Singapore has eased in recent months and should slow further for the rest of the year as import costs are likely to remain lower relative to a year ago. However, there are still upside risks, including from further shocks to the global economy, commodity prices and supply chains. Minister of State for Trade and Industry Alvin Tan said this in Parliament on Tuesday (Sep 19) in response to MPs’ questions. Outlining measures to help households and businesses cope with inflation, he said the Government will continue to monitor trends and do more if necessary. He also addressed the rise in global rice prices due to India’s export curbs, as well as the impact of global oil prices which are expected to stay elevated.
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