ANZ researcher Khoon Goh says Singapore core inflation could continue to accelerate and peak above 3% in early 2027 before easing thereafter. Rising oil has lifted petrol and other energy costs, but ANZ sees no evidence yet of second‑round price effe

2026-06-25

ANZ researcher Khoon Goh says Singapore core inflation could continue to accelerate and peak above 3% in early 2027 before easing thereafter. Rising oil has lifted petrol and other energy costs, but ANZ sees no evidence yet of second‑round price effects broadening across the economy; however, lagged pass‑through from higher oil could push inflation modestly higher in coming months. ANZ projects average core inflation of 2.1% in both 2026 and 2027.