Singapore consumers expect inflation to continue to fall in the year ahead amid a persistently fragile global economic environment, according to a quarterly study by SMU and MasterCard. Programme Director of the Sim Kee Boon Institute for Financial Economics at SMU (SKBI) and co-creator of the survey, Dr Aurobindo Ghosh, said, “Survey respondents seemed to feel that local structural factors like increasing wages from a tight labour market and possibly other pass-through costs including higher COE premiums have not significantly increased the overall prices.”
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