News analysis

Singaporeans face another year of paying more for goods and services

MAS said headline inflation, which is relevant to consumers, is expected to be around 5.5 per cent to 6.5 per cent. ST PHOTO: KUA CHEE SIONG
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SINGAPORE - Singaporeans will continue to pay more for goods and services in 2023 than they did before the Covid-19 pandemic.

The central bank in its first assessment of the outlook for inflation in 2023 said on Friday that headline inflation, which is relevant to consumers, is expected to be around 5.5 per cent to 6.5 per cent.

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