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What is inflation and why are prices rising?
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Inflation in Singapore climbed to new highs in December, prompting the Government to review its inflation forecasts for 2022.
PHOTO: ST FILE
Inflation is once again on the rise around the world and Singapore has not been spared. The Straits Times answers three big questions about the forces driving up prices.
Baking a cake or making a cup of tea has become more expensive over the years if you use fresh milk.


