According to Jinshi Data, Singapore's September CPI data will be released on Wednesday. The median forecast of eight economists surveyed by the Wall Street Journal shows that Singapore's September CPI may rise 1.9% from the same period last year.

That would be down from 2.2% in August and mark the first time inflation has fallen below 2.0% since March 2021, according to DBS economists. That could be good news for the central bank, but it will also be keeping a close eye on the core CPI, which strips out volatile factors such as private road transport and accommodation costs.

The survey showed that Singapore's core CPI is expected to stabilize at 2.7% year-on-year in September.