askST: What is inflation, why is it rising now and how does it affect consumers?

October 21, 2021 5:31 PM

SINGAPORE – Inflation refers to a general rise in prices of goods and services without an improvement in their quality.

Source : http://www.straitstimes.com/business/economy/askst-what-is-inflation-why-is-it-rising-now-and-how-does-it-affect-consumers