Singapore’s central bank expects core inflation to surge further over coming months. Photo: AFP
Singapore unveils US$1 billion package as cost of living rises amid inflation, Ukraine war
- Adult Singaporeans earning below S$34,000 (US$24,500) a year will receive S$300 in cash in August, and every household will get S$100 to offset utilities
- Meanwhile, even as Singapore last year collected higher revenue as the economy recovered, the government says it will push on with a planned GST increase from 7 to 9 per cent
Singapore’s central bank expects core inflation to surge further over coming months. Photo: AFP