Singapore core inflation at 1.0% y/y in January, lower than expected

SINGAPORE: Singapore’s key consumer price gauge rose 1.0% in January from a year earlier, official data showed on Monday.

The core inflation rate, which excludes private road transport and accommodation costs, was lower than the median forecast of 1.5% in a Reuters poll of economists.

Headline inflation was 1.4% in annual terms in January, close to the poll forecast of 1.45%.

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In January, the Monetary Authority of Singapore updated its core inflation and headline inflation forecasts for 2026 to 1.0% to 2.0% for both, from a previous forecast of 0.5% to 1.5% for both.