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Pre-pandemic inflation levels out of reach without further moderation of wages
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Inflation in Singapore is still much higher than the 1.5 per cent level seen before the Covid-19 pandemic.
ST PHOTO: GIN TAY
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SINGAPORE - Inflation looks to have tapered after touching recent 14-year highs, due to a decline in food and energy prices, and lower demand for goods such as electronic devices and home appliances.
But it might take some pain in the labour market and slower economic growth for prices to fall back to pre-Covid-19 pandemic levels.
