Inflation a big worry

Inflation a big worry

SINGAPORE - The escalating cost of living in Singapore is chief among the concerns of local consumers today, according to a recent global survey by research company GfK.

Chosen by 65 per cent of respondents as their greatest source of anxiety, inflation and high prices also topped the list of concerns in other Asia-Pacific countries such as Thailand (55 per cent), China (51 per cent) and Indonesia (39 per cent).

The survey - which was conducted in January and February this year - came as headline inflation rates then were elevated to 3.6 per cent and 4.9 per cent respectively.

Core inflation was at 1.2 per cent and 1.9 per cent.

The latest CPI figures for headline inflation and core inflation, however, stood respectively at 1.8 per cent and 1.7 per cent in June.

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