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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
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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.

