Singapore's overall inflation for 2026 is expected to rise above the earlier projection of between 1 to 2 per cent because of the ongoing Middle East conflict.Deputy Prime Minister Gan Kim Yong — who is also Trade and Industry Minister — told Parliament so on Tuesday (April 7) in his ministerial statement discussing the impact of the conflict on Singapore.«The Middle East situation has driven up global energy and commodity prices, which will drive up global inflation. Consequently, we now expect Singapore's overall inflation for 2026 to be higher than earlier projected,» he said.Separately, Coordinating Minister for National Security K Shanmugam and Acting Minister for Transport Jeffrey Siow are also delivering separate statements on the impact. This comes as 32 MPs have submitted 62 questions on the war's impact, including rising energy prices in the Republic, and the Government's response. Read more