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Lastly, we will give our recommendation to control the current inflation in Singapore.
What is Inflation?
Inflation is defined as the constant, inordinate and general increase in price over a period of time.
There are different degrees of inflation, mild inflation, strato-inflation and hyper-inflation...
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Mild-inflation is defined as inflation with no more than five percent increase in price per annum. This shows a slow rise in price level and often is associated with low level of unemployment. The second type of inflation is strato-inflation, where inflations are in the range of about ten percent to several hundred percent...
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USA and Singapore inflation
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Inflation
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