In January, core inflation rose to 2.4 per cent year on year, the highest since September 2012, driven by price increases for food, electricity and gas.
Now, with the Russia-Ukraine conflict triggering a surge in commodity and petrol costs worldwide, how will these developments affect us in Singapore?
On SGExtra, Prime Time’s Timothy Go spoke to Zakir Hussain, Singapore Editor at The Straits Times to find out more.