OUTLOOK
The authorities said that imported cost pressures are expected to remain firm for Singapore in the near term.
“Energy commodity prices have risen anew and are projected to remain high in the near term,” said MAS and METI.
“Global and regional food prices are also expected to pick up as costlier inputs and adverse weather patterns affect food production.”
But imported inflation should ease over 2027 as the effects of temporary supply disruptions fade, the authorities added.
On the domestic front, price pressures are likely to stay subdued, with unit labour costs in the services sector expected to remain contained amid continued productivity gains, MAS and METI said.
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