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Inflation is falling – so now what?
Economic slowdown and technological change point to disinflationary forces gaining momentum.
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In Singapore, all-items inflation was 4.5 per cent in June, about half its level a year earlier.
ST PHOTO: GIN TAY
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For more than a year now, inflation has been the biggest economic concern among policymakers almost everywhere – the first time this has happened since the 1970s.
But it is now in retreat. After hitting a 40-year high of 9.1 per cent in June 2022, consumer price inflation in the United States tumbled to 3.2 per cent
