Spectre of high inflation looms large on Singapore's 2022 growth outlook

Persistently high levels of inflation can hurt consumers by hitting their purchasing power.ST PHOTO: KUA CHEE SIONG

SINGAPORE - 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 their pricing power.

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