Singapore inflation hits highest in nearly two years, but undershoots expectations

Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters Singapore inflation missed estimates even as it accelerated to a near two-year high in July, as higher energy prices due to the Iran war lifted electricity prices. The city-state reported that consumer prices last month rose 2.2%, year on year, compared with the 2.3% expected by economists polled by Reuters, and the 1.9% rise seen in June [1].

Sources

1. cnbc.com · Singapore inflation hits highest in nearly two years, but undershoots expectations Aug 24, 2026

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