2026-04-23 05:24:46
Singapore's Inflation Accelerates to 1.8% in March Amid Rising Petrol and Retail Prices
Singapore’s March inflation rose to 1.8% y/y, led by petrol, retail goods, and services; core at 1.7%. MAS lifted the 2026 forecast to 1.5–2.5% and tightened policy amid higher energy prices.
Abstract: This brief analyzes Singapore’s inflation trajectory in March, highlighting headline inflation at 1.8% y/y and core at 1.7%, driven by higher petrol, retail, and services costs. It notes MAS’s upgrade of the 2026 inflation forecast to 1.5–2.5% and a tighter policy stance, with electricity tariffs expected to rise due to energy price pressures.