Singapore’s core inflation gauge climbed to the highest level in almost 14 years in July. Photo: EPA-EFE
Singapore’s core inflation gauge climbed to the highest level in almost 14 years in July. Photo: EPA-EFE
Singapore

Singapore families dismayed over rising inequality as inflation barely dents luxury home sales

  • Soaring inflation, growing rich-poor divide and declining social mobility have left middle-class families feeling the squeeze
  • Those less well-off may have to dip into their savings and cut discretionary spending, analysts note, even as government moves to address wealth gap

Singapore’s core inflation gauge climbed to the highest level in almost 14 years in July. Photo: EPA-EFE
Singapore’s core inflation gauge climbed to the highest level in almost 14 years in July. Photo: EPA-EFE
READ FULL ARTICLE