Singapore Business Review · 23 Sep, 06:45 · Business briefing

Core inflation rises to 2.2% YoY in August

Singapore’s core inflation rate increased to 2.2% year-on-year in August, according to recent data reported by the Singapore Business Review.

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The briefing

The story
in brief.

What happened, who it affects, and why it landed on our intelligence desk — in plain English, sixty seconds or less.

Singapore’s core inflation rate increased to 2.2% year-on-year in August, according to recent data reported by the Singapore Business Review. This metric excludes volatile items such as housing and transport subsidies, offering a clearer view of underlying price pressures. The rise suggests persistent demand-side factors or supply constraints are influencing costs across various sectors. For professionals, this indicates a continuing need to manage operational expenses and adjust pricing strategies accordingly. Monitoring these trends is essential for understanding broader economic conditions affecting business planning and consumer behaviour in the region.

Employer demand for Financial Modeling skills — indexed growth since 2019
Indicative index of skill mentions in professional job postings for the field this story moves (2019 = 1)

Your move

What this means
for your career.

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This inflationary pressure directly impacts your strategic planning and cost management responsibilities. Professionals in finance, supply chain, and operations must sharpen their skills in financial modelling and risk assessment to navigate rising input costs. You should prioritise learning advanced data analytics to forecast price trends and optimise spending efficiently. Leaders need to demonstrate adaptability, ensuring teams remain productive without inflating overheads. Consider upskilling in compliance and governance to mitigate regulatory risks associated with pricing changes. A smart professional will immediately review their current budgeting frameworks, seeking courses in financial modelling or risk management to enhance decision-making accuracy. Proactively adapting to these economic shifts positions you as a valuable asset capable of safeguarding organisational profitability during uncertain times.

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Indicative salary uplift in the fields matched to this story
Indicative ranges from published continuing-education salary studies, by field — each field is a recommended course below

Matched to this story

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