Singapore core inflation hits 2-year high at 2.2%

Singapore's core inflation rose to 2.2% in August 2026, a near two-year high, exceeding forecasts. The Monetary Authority of Singapore expects inflationary pressures to persist into next year. Meanwhile, the trade ministry raised its 2026 GDP growth forecast to 4.5–5.5%. MAS has already tightened monetary policy to manage rising energy costs.