Prices in Singapore likely to remain elevated

While inflation in Singapore has moderated over 2023, prices are still above pre-pandemic levels and expected to remain elevated in 2024. — The Straits Times

SINGAPORE: The official data says inflation is on the way down, but bank officer M. Lee feels the numbers do not reflect her experience.

The mother of four has had to increase her children’s allowances over the past year, so they can have enough for school meals and so forth. The amount for her youngest daughter has risen by 50% to S$15 a week, while the teenagers have seen increases of between S$30 and S$40, up from S$20 at the start of 2023.