Singapore Core Inflation Rises for Third Consecutive Month
Singapore’s core inflation has increased for the third month in a row, reaching its highest level since the start of 2024. This measurement, which excludes costs for private transport and accommodation, is a key indicator used by the Monetary Authority of Singapore (MAS) to track the cost of living for households.
Despite the recent rise, the MAS remains focused on its long-term outlook for the economy. Officials have maintained their forecast for core inflation to stay within the range of 1.5% to 2.5% for the remainder of this year. This target is intended to keep price stability while supporting steady economic growth.
Looking ahead, the central bank expects that current price pressures will begin to ease. According to the latest reports, the MAS anticipates that inflation will moderate more clearly starting around the middle of 2027. This suggests that while consumers may continue to feel the impact of higher prices in the short term, the situation is expected to improve in the coming years.
For residents in Singapore, these figures highlight the ongoing challenge of managing daily expenses. As the government monitors these trends, the focus remains on balancing the cost of essential goods and services with the broader health of the national economy.