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Rice to bananas: How inflation has affected the prices of 5 grocery items in Singapore
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Singapore has not been spared from rising prices worldwide, with its small and open economy that is reliant on global trade.
ST PHOTO: KUA CHEE SIONG
SINGAPORE - The spectre of rising inflation looms large as global economies bounce back from the troughs of the Covid-19 pandemic and the supply chain crunch wears on.
Singapore has not been spared, with inflation hitting an eight-year peak in October - 3.2 per cent on a year-on-year basis - partly due to costlier cars and higher housing rents.
