Rising inflation worldwide is raising concerns over strength of economic recovery

The all-items consumer price index in September came just short of the highest level in eight years. ST PHOTO: ALPHONSUS CHERN
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SINGAPORE - As consumer prices keep edging up worldwide, higher inflation threatens to become a more lasting legacy of the economic recovery from the Covid-19 downturn.

The combined effect of lingering Covid-19 curbs and the unprecedented fiscal and monetary stimulus has upset the fine balance between demand and supply worldwide, and has left policymakers undecided on how transitory this episode of inflation is.

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