Higher Energy, Transport Prices Could Complicate MAS's Growth-Inflation Trade-Off -- Market Talk

Dow Jones03-03

0756 GMT - Rising energy and transport costs could complicate the Monetary Authority of Singapore's growth-inflation trade-off, says Wrise Private Singapore's Kevin Teng in commentary. Costs for airlines, freight and logistics operators could jump as the Middle East conflict drives up oil and shipping costs, he says. This increases the likelihood that inflationary pressures will persist longer than expected, he adds. He reckons investors should treat this as an inflation shock rather than a demand-driven cycle. Energy and energy-related equities can be partial hedges as oil prices and freight rates climb, he adds. Meanwhile, they should be more cautious on consumer discretionary and transport names that are sensitive to higher input costs. Inflation expectations should be re-weighted higher across commodities and services with direct exposure to fuel costs. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 03, 2026 02:56 ET (07:56 GMT)

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