Economists from JP Morgan have penciled a rise in Singapore’s core inflation levels in the next six to nine months.

This follows expectations of a “gradual increase in domestic inflationary pressures” which is slated to come up in the labour costs between 4Q2021 and 1H2022, Sin Beng Ong and Arthur Luk write in a Sep 10 note.

The duo add that an increase can also come from a rise in the global goods prices. Such an uptake is also mirrored in the firming of the domestic supply price index.

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