Singapore Core Inflation Surges to Near Two-Year High on Energy

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Singapore’s core inflation surged to a nearly two-year high, driven by higher utility bills as elevated global energy prices filtered through to households. Core inflation , which excludes housing and private transportation costs, accelerated to 2% in July from a year earlier, according to a statement by the Singapore Department of Statistics on Monday. That was the fastest pace since October 2024, though below the median estimate of 2.2% in a Bloomberg survey .

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