Forecasters revise up Singapore’s inflation; could hit between 6.0 to 6.4 per cent by end 2022

SINGAPORE, Dec 19 (Vietnam News/ANN) : Professional forecasters have upped their prediction of inflation in Singapore in 2022 and 2023 amid spiraling prices in the past three months, re-opening of domestic services and loosened Covid-19 restrictions.

According to the quarterly survey published by the Monetary Authority of Singapore (MAS), 21 economists and analysts said CPI-All Items inflation is most likely to come in between 6.0% and 6.4% for 2022, higher than the 5.5%-5.9% range in the previous survey.