Singapore’s core inflation rises to 2% in July, nearing a two-year high, according to reports. The increase is driven largely by higher utility costs, particularly electricity and gas, as elevated global energy prices feed into household bills.
Channel NewsAsia adds that the broader consumer price picture also reflects increases across other categories, including services and food, alongside utilities. Both outlets frame the move as part of the delayed pass-through of global energy costs into domestic prices. CNA further notes that higher input costs can spread through supply chains over subsequent quarters, potentially leading to wider price pressures beyond the initial utility-driven impact.
