Singapore inflation expected to stay high in first half of 2023, says Trade and Industry Minister

Inflation will soften in the second half of the year as global inflation moderates and the tight domestic labour market eases. - The Straits Times/ANN

SINGAPORE, Feb 7 (The Straits Times/ANN): Inflation in Singapore is expected to remain elevated in the first half of 2023 before softening in the second half of the year, said Minister of State for Trade and Industry Alvin Tan on Tuesday.

This will come as global inflation moderates and the tight domestic labour market eases, he added.