“Where is the turbo-charging?” asks PM Wong in response to Pritam Singh in Singapore Budget 2025 debate
PM Wong cited some Consumer Price Index (CPI) figures between 2022 and 2024. He illustrated that even as GST was increased by 1 percentage point each in January 2023 and January 2024, the CPI inflation in Singapore went down from 6.1 per cent in 2022 to 4.8 per cent in 2023 and 2.4 per cent in 2024.