Factors for Higher-than-expected Inflation in 2021 and Possibility of Measures to Dampen Rise

Debated in Parliament on 10 Jan 2022.

Summary written by AI (learn more)

Shawn Huang asked for the forward-looking indicators of inflation, the key contributors to the 2021 rise, the 2022 outlook, and the Ministry’s planned measures to dampen inflation.
Derrick Goh questioned whether the Government would revise its 2022 inflation projection following the 3.8% November 2021 figure and requested details on the new projection, direction, and drivers.
Gan Kim Yong indicated that the questions would be addressed in his upcoming reply during the next Sitting, referring to an earlier Official Report on cost increases and relief measures.

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Shawn Huang Wei Zhong

Mr Shawn Huang Wei Zhong asked the Minister for Trade and Industry (a) what are the forward-looking inflation indicators that are monitored by the Ministry; (b) based on these indicators, what are the key contributors to the rise in inflation in 2021; (c) what is the latest inflation outlook for 2022; and (d) what measures will the Ministry take to dampen any rise in inflation in 2022.

Summary written by AI (learn more)

Shawn Huang asked for the forward-looking indicators of inflation, the key contributors to the 2021 rise, the 2022 outlook, and the Ministry’s planned measures to dampen inflation.
Derrick Goh questioned whether the Government would revise its 2022 inflation projection following the 3.8% November 2021 figure and requested details on the new projection, direction, and drivers.
Gan Kim Yong indicated that the questions would be addressed in his upcoming reply during the next Sitting, referring to an earlier Official Report on cost increases and relief measures.

Questions identified by AI (learn more)

Factors for Higher-than-expected Inflation in 2021 and Possibility of Measures to Dampen Rise | PAPERCUTS

Factors for Higher-than-expected Inflation in 2021 and Possibility of Measures to Dampen Rise

Debated in Parliament on 10 Jan 2022.

Summary written by AI (learn more)

Shawn Huang asked for the forward-looking indicators of inflation, the key contributors to the 2021 rise, the 2022 outlook, and the Ministry’s planned measures to dampen inflation.
Derrick Goh questioned whether the Government would revise its 2022 inflation projection following the 3.8% November 2021 figure and requested details on the new projection, direction, and drivers.
Gan Kim Yong indicated that the questions would be addressed in his upcoming reply during the next Sitting, referring to an earlier Official Report on cost increases and relief measures.

Questions identified by AI (learn more)

Full Transcript

Shawn Huang Wei Zhong

Summary written by AI (learn more)

Shawn Huang asked for the forward-looking indicators of inflation, the key contributors to the 2021 rise, the 2022 outlook, and the Ministry’s planned measures to dampen inflation.
Derrick Goh questioned whether the Government would revise its 2022 inflation projection following the 3.8% November 2021 figure and requested details on the new projection, direction, and drivers.
Gan Kim Yong indicated that the questions would be addressed in his upcoming reply during the next Sitting, referring to an earlier Official Report on cost increases and relief measures.

Questions identified by AI (learn more)

Factors for Higher-than-expected Inflation in 2021 and Possibility of Measures to Dampen Rise

Summary

Questions Identified

Full Transcript

Shawn Huang Wei Zhong

Summary

Questions Identified

Factors for Higher-than-expected Inflation in 2021 and Possibility of Measures to Dampen Rise

Summary

Questions Identified

Full Transcript

Shawn Huang Wei Zhong

Summary

Questions Identified

Derrick Goh

Gan Kim Yong