Consumer Price Developments – August 2022While supply chain frictions have eased slightly and the prices of some commodities have levelled off, global inflation is expected to remain elevated in the near term. In particular, there continue to be supply constraints in key commodity markets and tight labour markets in many major economies.
In Singapore, Consumer Price Index (CPI)-All Items inflation rose to 7.5% on a year-on-year basis in August, while MAS Core Inflation increased to 5.1% over the same period.
Read the full report here: https://go.gov.sg/cpi-august-2022
For how the Government is helping you to manage rising costs, visit: https://www.gov.sg/features/cost-of-living
