Inflation rose the most for high-income groups in Singapore during first half of 2022

SINGAPORE, July 25 (The Straits Times/ANN): The highest income groups in Singapore saw the largest increase in consumer prices in the first half of 2022, compared to households from other income groups.

Those whose household incomes were in the highest 20 per cent bracket experienced a 6 per cent year-on-year increase in consumer prices during the period, according to data released by the Department of Statistics (SingStat) on Monday (July 25).