Global Market: Singapore core inflation hits nearly two-year high in August

In August, Singapore's core inflation rose to 2.2%, surpassing both the prior month's rate and expectations. Headline consumer price inflation also climbed to 2.3% year-on-year, indicating ongoing price pressures. The central bank anticipates that inflation levels will remain high into the following year. Moreover, the economic growth outlook for 2026 was notably increased to between 4.5% and 5.5%, highlighting the lasting challenges of inflation management amidst robust economic growth.