ANZ researcher Khoon Goh says Singapore core inflation could continue to
accelerate and peak above 3% in early 2027 before easing thereafter. Rising oil
has lifted petrol and other energy costs, but ANZ sees no evidence yet of
second‑round price effects broadening across the economy; however, lagged
pass‑through from higher oil could push inflation modestly higher in coming
months. ANZ projects average core inflation of 2.1% in both 2026 and 2027.