For subscribers
Persistent inflation could weigh heavily on Budget 2024
Rising prices may not have dampened consumer spending, but they could significantly shape the upcoming Budget.
Sign up now: Get ST's newsletters delivered to your inbox
Inflation has been stubbornly persistent over the last few years, driving up the cost of living, with the prices of everything from food, utilities, transport to property.
ST PHOTO: GIN TAY
Selena Ling
Follow topic:
Inflation is like toothpaste – once it is out, you can hardly get it back in again, according to the German economist Karl Otto Pohl.
It came as no surprise that the Monetary Authority of Singapore (MAS ) kept its monetary policy unchanged in its quarterly review this week.
