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

82 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.

83 Mr Derrick Goh asked the Minister for Trade and Industry in view of the higher than expected inflation of 3.8% reported for November 2021 (a) whether the Government will be changing its inflation projection for full year 2022; and (b) what are the projected estimate, direction and key drivers of the latest projection.

Mr Gan Kim Yong: These questions will be answered by my reply to Ms Jessica Tan Soon Neo, Mr Ang Wei Neng and Mr Saktiandi Supaat for the next Sitting. [Please refer to "Reasons for Recent Rise in Costs and Measures to Help Singaporeans Cope", Official Report, 11 January 2022, Vol 95, Issue 45, Oral Answers to Questions section.]