Social & Community
Why is the cost of living rising?
29 June 2022
Factors, such as supply chain disruptions, have caused global inflation and a rising cost of living
A lot of our essentials, like food and fuel, are mostly imported due to Singapore’s resource constraints.
Even as Singapore is taking steps to secure our food and energy supplies, as a price taker in the global economy, external inflation is pushing up the local cost of living.
The supply chain disruptions caused by the war in Ukraine and the COVID-19 pandemic are some of the main reasons why Singaporeans and people all around the world are feeling the squeeze.
Watch to find out how your daily expenses are affected by these global events.
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