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Singapore, Japan CPIs Expected to Come In Around 1.1%, 1.8% on Monday: March 20, 2026

Singapore, Japan CPIs Expected to Come In Around 1.1%, 1.8% on Monday: March 20, 2026

Posted March 20, 2026 at 12:52 pm

Jose Torres
IBKR Macroeconomics

Forecasters expect Singapore’s Consumer Price Index (CPI) to come in around 1.1% year over year (y/y) this Monday, assigning 84% odds of a number exceeding 0.8% and a 76% probability that the result won’t arrive ahead of 1.2%. But there could be a potential opportunity for “Team Yes” at either threshold, as the monthly Reuters poll of nine economists sports an expected median of 1.3% against the backdrop of minimum and maximum values of 1.1% and 1.5%.

Japan CPI Expected to Grow Around 1.8% Y/Y

Japan’s CPI is expected to land at around 112.8, which would mark a 1.8% y/y climb from February 2025’s index value of 110.8. The odds of a number north of 112.8 are 44%, while a figure that fails to exceed it is at 54%. Meanwhile, the “Yes” and “No” at the upper and lower levels are at 20% for the 113.2 statistic while 112.4 is at 25%. For context, this is a projection for a modest month-over-month drop since January’s print came in at 112.9.

Source for images: ForecastEx

Note: Prices are highest bids as of the morning of March 20, 2026. 

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