Are you worried about how surging inflation affects your hard-earned savings? In Singapore, the consumer price index (CPI) or overall inflation was 4.3% in Feb 2022. MAS core inflation which excludes accommodation and private transport was 2.2%. The main culprit for much higher overall inflation was higher car prices, likely due to higher COE prices. Singapore’s core inflation eases to 2.2% in February Consumer Price Developments in February 2022 Source: MAS This means that even if you’re not paying rent and/or not intending to buy a new car, you would still be hit with 2.2% increase in prices overall on your expenses. For instance, if your expenses were $5,000 per month in 2021, you can expect it to increase to around $5,110 in 2022. In fact, core inflation is expected to increase further and only ease towards the latter half of the year. What that means for us in the long term is that even at a modest 2% average inflation rate for the foreseeable future, that $5,000 monthly expenses increase  ...