Inflation to stay bumpy before moderating over 2024 | Video
Analysts and Singapore's central bank expect a bumpy start to 2024 in consumer prices, given recent rises in prices like transport fares, GST, and an upcoming electricity and gas tariff hike. They then expect inflation to moderate as external conditions improve, with the Monetary Authority of Singapore expecting core inflation rates to come in a 2.5-3.5 per cent on average this year. Richa Mathew with more.
Analysts and Singapore's central bank expect a bumpy start to 2024 in consumer prices, given recent rises in prices like transport fares, GST, and an upcoming electricity and gas tariff hike. They then expect inflation to moderate as external conditions improve, with the Monetary Authority of Singapore expecting core inflation rates to come in a 2.5-3.5 per cent on average this year. Richa Mathew with more.
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