Roadbump ahead for S'pore retail sales as consumers seen to be turning cautious amid inflation

The latest retail sales data for June from the Department of Statistics indicates that takings at the till rose for a fourth straight month. ST PHOTO: KUA CHEE SIONG
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SINGAPORE - Singapore's retail sales may have expanded at a double-digit pace in the past few months after pandemic curbs were relaxed, but consumers are now watching their spending because of inflation.

This finding is highlighted in a study - commissioned by credit card firm American Express (Amex) - which also notes that businesses are worried if they can keep up with rising costs.

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