Singapore's headline inflation is likely to cool this year, CGS International economist Mohamed Afham Zulghafir says in a report. The recent decline in oil prices should help reduce cost pressures across transport, utilities and other energy-related components. "We think the moderation in inflation will be gradual rather than immediate," the economist says. Headline inflation could remain relatively firm in the near term due to lingering supply-side constraints, such as potential disruptions to key shipping routes. CGS International lowers its 2026 headline inflation forecast to 2.0% from 2.9% previously.(amanda.lee@wsj.com)