CNA How will the Iran war drive up your daily expenses? | Money Talks

As the war in Iran and disruption in the Strait of Hormuz affect global energy supplies, Singapore households are starting to feel the pinch in their transport and utility bills. A protracted war could also push up food prices and reshape spending habits. Dr Pushan Dutt, professor of economics and political science at INSEAD, explains how to navigate these price shocks and adjust your finances.

Highlights:
03:48 Where will consumers feel the pinch first
06:56 Why petrol prices rise immediately
08:27 Electricity tariffs set to climb
10:07 Government support measures expected
13:34 Adjusting household budgets strategically
16:50 Weighing personal risk tolerance
17:49 Investing in skills for resilience
19:10 Why timing the market fails

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