ANZ said Singapore’s core inflation rate may continue to accelerate, peak above 3% in early 2027, and then ease.
According to Jin10, ANZ Research’s Khoon Goh wrote in a report that inflation has remained moderate despite rising oil prices.
The report said higher gasoline and other energy-related costs have not yet shown signs of spreading to broader prices. However, it noted that oil price increases can affect inflation with a lag, and core inflation may rise in the coming months.
ANZ forecast that Singapore’s core inflation would average 2.1% in 2026 and 2027.
ANZ Expects Singapore Core Inflation to Peak Above 3% in Early 2027
2026-06-25 16:24:22
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