Consumer Price Developments – July 2022Global inflation is likely to remain elevated in the near term amidst supply constraints in key commodity markets and tight labour markets in major economies.
In Singapore, the Consumer Price Index (CPI)-All Items inflation rose to 7.0% year-on-year in July, while MAS Core Inflation came in at 4.8% year-on-year over the same period.
The Government has provided support packages for households and businesses, with targeted relief for those who need it most, and will continue to monitor the inflation trends closely.
Read the full CPI report here: https://go.gov.sg/cpi-july-2022
