ANZ Expects Singapore Core Inflation to Peak Above 3% in Early 2027

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.