Singapore Inflation Hits 10-Year High: Here’s How To Manage Your Money
By Syfe  •  May 13, 2022
Everything from petrol to instant noodles has gotten more expensive in Singapore – and consumers are feeling the pinch. Petrol prices have crossed $3 a litre and even fruits and vegetables have gotten pricier.  Image credit: CNA In March, Singapore’s headline inflation accelerated to 5.4%, the highest level in nearly a decade. Amid this period of high inflation, you may be wondering how best to manage your money. We’ve got you covered.  The impact of high inflation  Some inflation is normal – it’s a sign that the economy is growing. But high inflation can be a challenge.  We’re currently seeing elevated inflation in Singapore and other countries, in part due to COVID-related supply chain bottlenecks, and sharp rises in oil and commodities prices driven by the war in Ukraine. In the US, inflation is at a 40-year high. To curb soaring prices, the Federal Reserve raised interest rates...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...

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