Inflation eases in 2024, but lowest income group sees biggest rise in costs
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Higher prices for food, hospital and outpatient services and bus and train fares drove up costs for the bottom 20 per cent of households in 2024. SINGAPORE: Singapore's overall inflation eased to 2.4 per cent last year, but the lowest-income households faced the highest jump of 2.7 per cent, driven by rising costs. According to figures released by the Department of Statistics (SingStat) on Thursday (Jan 23), the consumer price index (CPI)-all items for general households rose by 2.4 per cent.
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