Singapore’s core inflation hit a near 14-year high of 5.1% in August on more costly food and services. And both MAS and MTI say inflationary pressures will remain elevated in the months ahead. On Money in the Market, Finance Producer Hongbin Jeong speaks to Song Seng Wun, Economist at CIMB Private Banking, to find out what these inflation numbers mean for consumers and what the next moves of MAS may be.