Singapore's core inflation, which excludes costs of private transport and accommodation, came in at 5.1 per cent year on year in December.

The measure is projected to stay elevated in the first half of this year before slowing more discernibly in the second half of 2023.

In The Straits Times' The Big Story, Multimedia Correspondent Hairianto Diman spoke with Associate Editor Vikram Khanna to delve more into these findings.