Unless you’ve been living under a rock, you would have heard of Putin’s all-out invasion of Ukraine, which started on the morning of 24th Feb 2022 SGT. The war overseas may be 8,618 km away from us, but its effect on Singapore and the world will be felt in the weeks and months to come. Source: Giphy Amid a near 9-year high headline inflation rate of 4.0%, here’s how everyday Singaporeans like you and me will be further affected in the future. TL;DR: Russia-Ukraine War Effects on Everyday Singaporeans In essence, expect the prices of oil, gas, electricity and food items like wheat and corn to rise as both Ukraine and Russia are major exporters of these products. Oil prices have already surged past US$100 per barrel following Putin’s invasion of Ukraine, the highest since 2014. In the longer term, the global inflation rate will be set to rise even more due to supply chain disruption....