An Overview of Singapore Inflation
A microeconomic study of Singapore inflation reveals that the rate of goods and GST in Singapore during 2017 increased from 5% to 7%. In the same year, incomes also increased, which changed consumers’ expenditures on various goods and commodities. The inflation situation remained mild in 2017 for the entire year while consumer prices increased by 0.6%. The Ministry of Trade and Industry Singapore revealed that road transport inflation decreased to