DBS economists Taimur Baig and Radhika Rao project Singapore’s headline and core inflation will rise in July to 2.4% and 2.3% year-on-year, respectively, driven by higher energy and food costs. They also forecast industrial production growth to accelerate to 9.0% year-on-year, led by electronics and precision engineering, while noting uneven factory performance due to cost pressures and supply disruptions.
Higher prices and stronger output
“We expect Singapore’s headline and core inflation to rise to 2.4% yoy and 2.3% yoy, respectively, in July, from 1.9% yoy and 1.6% yoy in June. The pickup was due to the delayed pass-through of higher global…
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