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Economists expect broader price hikes amid Gulf war, as Singapore’s core inflation rises in March

More sectors to be hit by higher energy and input costs, with firms to pass them down to consumers

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Paige Lim

Paige Lim

Published Thu, Apr 23, 2026 · 10:06 PM
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    • In a joint statement on Apr 23, MAS and MTI flagged that Singapore’s imported cost pressures are expected to pick up and broaden in the months ahead.
    • In a joint statement on Apr 23, MAS and MTI flagged that Singapore’s imported cost pressures are expected to pick up and broaden in the months ahead. PHOTO: YEN MENG JIIN, BT

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    [SINGAPORE] Private-sector economists warned of broader price increases in the coming months, as they expect higher energy and input costs triggered by the Gulf war to trickle down to a wide range of sectors.

    Despite higher inflation on the horizon, economists were split on the Monetary Authority of Singapore’s (MAS) next move in July, though more expect no change to policy settings.

    Both Singapore’s core and headline inflation rose in March, data from the Department of Statistics showed on Thursday (Apr 23).

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    Singapore inflationconsumer price indexSingapore economyMonetary Authority of SingaporeIran war

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