SINGAPORE: Singapore’s key consumer price gauge rose 2% in September from a year earlier, official data showed on Friday.
The core inflation rate, which excludes private road transport and accommodation costs, was lower than the median forecast of 2.3% in a Reuters poll and August’s reading of 2.2%.
Singapore’s core inflation rate rises to 2.2% in August, above forecast
Headline inflation was 2.2% in annual terms in September, matching the poll forecast.
The central bank kept its monetary policy unchanged last week, in a move that surprised analysts, with inflation risks expected to ease slightly as the AI boom and supply constraints moderate.
In August, the trade ministry raised its growth forecast for 2026 to a range of 4.5% to 5.5%, from the previous 2.0% to 4.0%.