Singapore's Core Inflation Could Approach 2% in July
Dow Jones
Jul 24
0447 GMT - Singapore's core inflation is expected to tick higher to around the 2% mark this month following the recent 17% electricity tariff hike, Maybank economists say in a report. "The lagged pass-through of higher energy, logistics and imported input costs from Gulf War shocks are still filtering through to prices," the economists add. Core inflation reached 1.6% last month, up from 1.4% in May. Despite rising consumer prices, the Monetary Authority of Singapore and the Ministry of Trade and Industry maintain their 1.5%-2.5% forecast for core and headline inflation this year. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
July 24, 2026 00:47 ET (04:47 GMT)
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