Survey: S’pore inflation quickening, growth slowing

Lingering issues: Diners at the Jewel Changi Airport mall. Singapore’s headline inflation rate is seen rising 5.5% on average in the current quarter and the next, up from less than 4% previously. — Bloomberg

SINGAPORE: Economists bumped up their 2022 inflation forecast for Singapore by 1.6 percentage point, amid a potential threat to food supply chains.

Headline inflation rate is seen rising 5.5% on average in the current quarter and the next, up from less than 4% seen previously, according to the median of a Bloomberg survey this month.