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Why are Singapore consumers still spending despite rising inflation and higher costs of living?
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Economists say that while consumption may be starting to retreat for some, overall spending momentum is still going strong.
ST PHOTO: CHONG JUN LIANG
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SINGAPORE - Inflation in Singapore, like in other major economies, has soared post-Covid-19, but the elevated cost of living has not put the brakes on consumer spending.
Economists say that while consumption may be starting to retreat for some, overall spending momentum is still going strong.
