Home News Singapore economy

Government may consider supplementary budget to deal with growing costs, say Maybank economists

The Edge Singapore
The Edge Singapore5/23/2022 03:32 PM GMT+08  • 3 min read
Government may consider supplementary budget to deal with growing costs, say Maybank economists
The higher inflation is driven by food and energy, say MAS and MTI / Photo: Albert Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore’s core inflation for April hit its highest level in more than a decade, and the pressure will further increase in the coming months.

While this may ease off towards the end of the year, “there remain upside risks to inflation from geopolitical and pandemic-related shocks,” according to the Monetary Authority of Singapore and the Ministry of Trade and Industry on May 23.

Driven by higher food and power prices, core inflation for April hit 3.3%, a pick up from 2.9% gain recorded in the preceding month. CPI-All Items inflation, meanwhile, was up 5.4% - the same pace seen in March.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now