Tackling Inflation: Singapore S$1.5 Billion Aid Package
@Tiger_Wealth:
Global inflation has been on the rise especially due to rising energy prices and food prices because of the ongoing Russian and Ukraine war and the global supply chain disruptions. Inflation is expected to stay higher for longer given that most of the factors are due to supply factors of inflation. Singapore Consumer Price Index (CPI) All Items rose by 5.4% in April according to data from Singapore Department of Statistics. Singapore’s May CPI will be announced today and is expected to trend higher for the next few months, given the import dependence of Singapore due to the lack of natural resources and as a result disrupted supply chain.Targeted aid for lower-income and vulnerable. Singapore has introduced a carefully designed S$1.5 billion support package that is tilted to help lower-inc