The Bavarian giants have won six games out of six in the Bundesliga, and have also made a winning start to their Champions League campaign.
When asked if they would win the title on their current form, he told Bundesliga.com: "Of course I hope so, but there is still a long way to go.
"At the moment, things are going well. We are top of the table and things are looking good, but we all know how quickly things can change in football. This is just how things stand at the moment.
"Of course the statistics look positive, but what is important for us is that we are top at the end. For that to happen, we have to keep our concentration and keep working as we have been doing so far."
Shaqiri joined Bayern from Swiss giants Basel in the summer.