Economist: Singapore's inflation is expected to significantly accelerate in the coming months.

Economists from Maybank in Malaysia wrote in a research report that they expect inflation in Singapore to significantly accelerate in the coming months. Since the outbreak of the conflict in the Middle East at the end of February, global energy prices have been pushed up. Energy accounts for 3.8% of Singapore's CPI basket, including transportation fuel and utilities. These economists stated: "The impact of the war on prices transmission is still in the early stages." Due to the squeeze on businesses from rising transportation, freight, distribution, and electricity costs, consumers will ultimately pay higher prices.