Compared with other countries, Singapore has responded to rising prices by providing economic assistance and increasing taxes, which is worth learning from other countries. Recognizing that low-income groups are greatly affected by rising prices, the Singapore government has introduced more economic assistance to help them tide over the difficulties of rising prices. In addition, Singapore has also increased taxes to reduce inflationary pressure as much as possible, which not only enables middle-income groups and the rich who can share government expenditures to use the increased taxes to develop more effective social welfare services and achieve financial protection for low-income and vulnerable groups. Finally, the government pays special attention to macro-economic stability, conducts regular price monitoring, and prepares for macro-adjustment in advance for price increases, so as to reduce the impact on the economy, society and people.

In addition, in response to the price increase in the service industry, the Singapore government has stepped up its efforts to take regulatory measures, such as increasing human resources and land management, and implementing national supervision and other measures to control the price changes in the service industry and effectively alleviate the impact of price increases. At the same time, the government also uses its rationality and strength in the international market to effectively reduce the impact of rising prices and adjust policies in time by participating in trade and reserve management. In addition, the government also actively advocates spontaneous management within the society, makes objective reports, improves the supervision system, constantly improves the policy framework, strengthens the self-repair ability of the society, and minimizes the adverse effects of rising prices.

At the same time, in response to rising prices, the Singapore government also attaches importance to exchanges and cooperation with the international community, strives to improve trade relations with countries such as Asia and Europe, and strengthens foreign economic cooperation through multiple channels to ensure the stability of local prices and supplement the economic supply of local consumer goods. In addition, the government has adopted regulatory policies to improve local demand, increase productivity, improve the service level of retail, safety and employment, narrow the gap between income and labor value, reduce the negative impact of rising prices, and achieve sustainable social, economic and financial development.

In addition, Singapore also encourages its citizens and other consumers to adopt the mode of "* * * with * * * * elimination", strengthen the economic concept of * * *, speed up the innovation of new services, reduce consumption cost and effectively curb price increases. At the same time, the Singapore government will work with the people to grasp the whole price situation, adopt accurate and appropriate consumption plans in time, monitor the price tension index, continuously improve the service management of the public sector and update the investment framework, enhance the efficiency of consumption structure and social equity, and then curb the adverse effects brought by price increases.

In addition, Singapore has also vigorously developed energy-saving and water-saving technologies, controlled the input of renewable energy, and established and improved laws and regulations to ensure the rational and effective utilization of natural resources. At the same time, in order to curb rising prices, the Singapore government has given full play to its administrative advantages, adhered to the principle of promoting inflation as the basic indicator, and implemented comprehensive and effective policies to reduce social and consumer costs, effectively curb rising prices, and ensure economic and financial stability and sustainable development.

In addition, the Singapore government is also committed to formulating innovative plans to curb rising prices and reduce consumers' living costs, including supporting small businesses and people with chaotic families and members with backward skills, sharing the flexible cost of their purchasing power, and providing consumers with more concessions to reduce the losses caused by rising prices. At the same time, the government will adopt stricter price-fixing laws and regulations to control price increases, improve the quality of public services, and formulate stricter consumption policies to make market pricing fairer, allow consumers to enjoy more favorable prices, and effectively curb price increases.

In addition, in order to reduce the price increase, the Singapore government has also adopted more macro arrangements, continued to lower the entry threshold for foreign workers, allowed more powerful foreign-funded large, medium and small enterprises to establish investment and business channels in Singapore, further increased employment and supply, made the pattern of consumption and supply develop in a more open direction, and curbed the momentum of price increase. At the same time, the Singapore government also provides consumers with a small amount of tax credit policy, which makes consumers pay more attention to their purchase behavior, increases the economic pressure brought about by rising prices, and effectively inhibits price increases.

In addition, the Singapore government will vigorously promote the concepts of self-sufficiency, resource conservation and balanced supply, establish consumer associations, increase consumer participation, encourage consumers to express their concerns about rising prices, and constantly advocate a frugal lifestyle, advocate the concept of saving consumption, and reduce the consumption of bulk commodities, thus effectively curbing rising prices.

Generally speaking, the implementation direction of Singapore government's strategy is to reduce the entry threshold for foreign workers, let more powerful foreign-funded large, medium and small enterprises establish investment and operation channels in Singapore, increase employment and supply, and curb the upward trend of prices; At the same time, provide a small amount of tax credit policy to reduce the consumption of bulk commodities; Advocate a frugal lifestyle, encourage consumers to express their concerns about rising prices, and finally achieve the goal of curbing rising prices.