I have written a few articles a couple of years ago on the inflationary environment at that point in time and the main reasons behind this.
Now, I am quite happy to say that this inflationary pressure has slowly come under control by several measures put in place by our government. For example, the escalating housing prices have virtually come to a stop by policies targetting at both supply and demand. This is commendable.
Though difficult, these policies are very important and necessary to maintain sustainable growth of our economy. And, we should not forget that we are still a savers' nation and high inflation will eat away our saving and cpf.
Well done.
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