News analysis

High inflation a major challenge amid expected slower growth

The rapid and persistent rise in prices may become the most pressing challenge next year for policymakers in Singapore and elsewhere, analysts said.

If unabated, persistently high levels of inflation can hurt consumers by hitting their purchasing power. It can also cut margins for businesses by depriving them of pricing power.

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A version of this article appeared in the print edition of The Straits Times on November 25, 2021, with the headline 'High inflation a major challenge amid expected slower growth'. Subscribe