The Business Times · 23 Sep, 05:00 · Business briefing

Singapore core inflation picks up to 2.2% in August; watchers mixed on MAS response

Singapore’s core inflation rate rose to 2.2 per cent in August, reflecting persistent underlying price pressures despite broader economic headwinds.

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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 rose to 2.2 per cent in August, reflecting persistent underlying price pressures despite broader economic headwinds. Market observers remain divided on how the Monetary Authority of Singapore will respond to this trend, with some anticipating tighter monetary policy while others expect a wait-and-see approach. This development highlights the delicate balance policymakers face in managing cost-of-living concerns without stifling economic growth, creating an environment of uncertainty for businesses and investors alike.

Employer demand for Medical Physics 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 signals that cost control and strategic agility are now critical career assets. You should focus on developing skills in financial analysis and risk assessment to help your organisation navigate rising operational costs. Professionals in finance, supply chain, and strategic planning will see increased demand as companies seek to optimise spending. You must sharpen your ability to interpret economic data and advise leadership on pricing strategies. Prioritise learning advanced financial modelling or supply chain resilience techniques. Staying informed on monetary policy shifts will also make you a more valuable strategic advisor. Proactively upskill in areas that directly impact the bottom line, ensuring you can contribute to maintaining profitability amid economic volatility.

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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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