, Singapore
194 views
Source: Singapore Department of Statistics, ING

Chart of the Day: Inflation accelerates to a sizzling 5.4% in March

Prices of basic goods have been on an uptick since February last year. 

This chart from ING shows the rate of price increases since January 2019, eventually shooting up to 5.4% in March 2022. 

"Chart from ING: Inflation from 2019 January to 2022 March"

Source: Singapore Department of Statistics, ING

This is a jump from the 4.3% inflation recorded in February, which hiked from 4.0% the month prior. 

ING economist Nicholas Mapa said prices could continue to increase in the coming months. 

"It does appear evident that current supply chain disruptions will be enough to drive both the headline
and core inflation readings higher. Given tightening supply chains and still elevated global
commodity costs, we believe price pressures will remain evident in the coming months," Mapa said. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!