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Singapore inflation seen quickening, growth slowing: Bloomberg survey

Bloomberg
Bloomberg • 2 min read
Singapore inflation seen quickening, growth slowing: Bloomberg survey
At a wet market in Singapore. Photo: Bloomberg
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Economists bumped up their 2022 inflation forecast for Singapore by 1.6 percentage point, amid a potential threat to food supply chains.

Headline inflation rate is seen rising 5.5% on average in the current quarter and the next, up from less than 4% seen previously, according to the median of a Bloomberg survey this month. That led to revision of the 2022 forecast to 4.9%, up 1.6 percentage point, while core inflation is seen coming in 3.4% from 2.7% in the February survey.

Expectations of price gains in 2023 and 2024 were also revised upwards to 2.8% and 2.1%, respectively, the same poll showed.

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