Broker: CGS International Securities
Date of Report: April 23, 2026
Excerpt from CGS International Securities report.
Report Summary
- Headline inflation in Singapore rose to 1.8% year-on-year in March 2026, with core inflation at 1.7%.
- CGS International revised its 2026 full-year Consumer Price Index (CPI) forecast for Singapore to 2.9% year-on-year (from 1.5%), above the Monetary Authority of Singapore’s projected range of 1.5-2.5%.
- The main drivers for the upward revision are higher energy prices (especially oil), increased private transport costs, and distributed inflationary pressures across retail, services, and other goods.
- Key actionable insight: Expect tighter monetary policy in Singapore as the MAS is likely to further strengthen the Singapore dollar nominal effective exchange rate (S\$NEER) to curb price pressures.
- No stock-specific target price or Buy/Sell calls were included in this economics-focused report.
above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International Securities website : https://www.cgs-cimb.com/
