The inflation rate in Singapore is 5.4% for the month of April 2022. Below shows the graph of Singapore annual inflation for the last 31 years from 1990 till 2021.
The last time inflation was so high in Singapore was around 10 years ago in 2011. I’m pretty sure most of you should have felt the effect of inflation in your everyday life. Starting from the price of petrol, for those who drives, to the price of chicken and eggs, we are seeing significant price jump in them during the past few months.
Unfortunately, US just posted that their consumer price hit a 40 years high at 8.6% in May 2022 from a year earlier. It doesn't seems like inflation is going to come down anytime soon and it might even get worse for all of us in the near future.
So what are you going to do about it? For me, there are 3 things that I think we all need to be doing to cushion...