Could incremental GST Rate Hikes be one of the big reasons why Singapore faced such high inflation rates in the past year? Since 2023, Singapore has been faced with rising cost of living, Mr Loo expects this to continue through 2024, attributing some of this to incremental GST Rate Hikes over 2 years from 7% […]

source: https://thefinance.sg/2024/02/13/incremental-gst-rate-hike-a-cause-for-inflation/