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Singapore Inflation Rate Highest Since 2024
Singapore’s annual inflation rate rose to 1.8% in March 2026, from 1.2% in the previous month. This marked the highest reading since September 2024, driven largely by a sharp increase in transport costs, which climbed to 6% from 2.7% in February, amid higher petrol prices linked to prolonged Middle East tensions that disrupted global supply chains. Meanwhile, prices were stable for food (1.6%) and housing and utilities (0.3%), while easing was recorded in health (4% vs 4.2%) and recreation, sport and culture (1.7% vs 1.9%). Authorities noted that inflation risks remain tilted to the upside, warning that prolonged disruptions to global energy supplies or shortages in key inputs to regional supply chains could further increase imported costs for Singapore. On a monthly basis, consumer prices edged down to 0.5% from 0.6% in February. Meanwhile, the core inflation rate rose to 1.7% in March, from 1.4% in the preceding month, marking its highest level since November 2024.
Published on 2026-04-23

Singapore Inflation Rate Edges Lower
Singapore’s annual inflation rate edged lower to 1.2% in February 2026, from a thirteen-month high of 1.4% in the previous month. The main downward pressure came from housing and utilities (0.3% vs 1.7% in January), driven largely by softer prices in utilities and other fuels. On the other hand, food inflation picked up (1.6% vs 1.2%), particularly in cereal products, meat, and fruits and nuts. Transport costs also accelerated (2.7% vs 2.4%), led by private transport and land transport services. In addition, prices recovered for clothing (0.9% vs -0.4%) and information and communication (1.4% vs -1.9%), while inflation rose further in recreation, sport and culture (1.9% vs 0.6%). On a monthly basis, consumer prices increased 0.6%, rebounding from a 0.5% decline in January. Meanwhile, the core inflation rate rose to 1.4% from 1%, marking its highest level since December 2024.
Published on 2026-03-23

Singapore Inflation Rate Edges Lower
Singapore’s annual inflation rate edged lower to 1.2% in February 2026, from a thirteen-month high of 1.4% in the previous month. The main downward pressure came from housing and utilities (0.3% vs 1.7% in January), driven largely by softer prices in utilities and other fuels. On the other hand, food inflation picked up (1.6% vs 1.2%), particularly in cereal products, meat, and fruits and nuts. Transport costs also accelerated (2.7% vs 2.4%), led by private transport and land transport services. In addition, prices recovered for clothing (0.9% vs -0.4%) and information and communication (1.4% vs -1.9%), while inflation rose further in recreation, sport and culture (1.9% vs 0.6%). On a monthly basis, consumer prices increased 0.6%, rebounding from a 0.5% decline in January. Meanwhile, the core inflation rate rose to 1.4% from 1%, marking its highest level since December 2024.
Published on 2026-03-23

Singapore Inflation Rate Edges Lower
Singapore’s annual inflation rate edged lower to 1.2% in February 2026, from a thirteen-month high of 1.4% in the previous month. The main downward pressure came from housing and utilities (0.3% vs 1.7% in January), driven largely by softer prices in utilities and other fuels. On the other hand, food inflation picked up (1.6% vs 1.2%), particularly in cereal products, meat, and fruits and nuts. Transport costs also accelerated (2.7% vs 2.4%), led by private transport and land transport services. In addition, prices recovered for clothing (0.9% vs -0.4%) and information and communication (1.4% vs -1.9%), while inflation rose further in recreation, sport and culture (1.9% vs 0.6%). On a monthly basis, consumer prices increased 0.6%, rebounding from a 0.5% decline in January. Meanwhile, the core inflation rate rose to 1.4% from 1%, marking its highest level since December 2024.
Published on 2026-03-23

Singapore Inflation Climbs to 13-Month High
Singapore’s annual inflation rate rose to 1.4% in January 2026, the highest reading since December 2024, accelerating from 1.2% in December. The main upward pressure came from a sharp increase in housing maintenance and repair costs, which surged to 27.9% (vs 1.6% in December). Inflation also picked up in housing and utilities (1.7% vs 0.2%), healthcare (4.4% vs 4.2%), and recreation, sport and culture (0.6% vs 0.3%). Meanwhile, food inflation held steady at 1.2%, as declines in rice (-1.9% vs -4.1%) and leafy vegetables (-2.4% vs -2.1%) were offset by higher prices for cakes and pastries (2.1% vs 1.3%), and breakfast cereals (1.7% vs -0.8%). Transport inflation also slowed to 2.4% (vs 3.6%), while deflation persisted for clothing & footwear (-0.4% vs -1%), and information and communication remained in deflation (-1.9% vs -2%). Core inflation was unchanged at 1.2%. On a monthly basis, CPI fell 0.5%, the first decline since late July, following a 0.3% increase in December.
Published on 2026-02-23

Singapore Inflation Climbs to 13-Month High
Singapore’s annual inflation rate rose to 1.4% in January 2026, the highest reading since December 2024, accelerating from 1.2% in December. The main upward pressure came from a sharp increase in housing maintenance and repair costs, which surged to 27.9% (vs 1.6% in December). Inflation also picked up in housing and utilities (1.7% vs 0.2%), healthcare (4.4% vs 4.2%), and recreation, sport and culture (0.6% vs 0.3%). Meanwhile, food inflation held steady at 1.2%, as declines in rice (-1.9% vs -4.1%) and leafy vegetables (-2.4% vs -2.1%) were offset by higher prices for cakes and pastries (2.1% vs 1.3%), and breakfast cereals (1.7% vs -0.8%). Transport inflation also slowed to 2.4% (vs 3.6%), while deflation persisted for clothing & footwear (-0.4% vs -1%), and information and communication remained in deflation (-1.9% vs -2%). Core inflation was unchanged at 1.2%. On a monthly basis, CPI fell 0.5%, the first decline since late July, following a 0.3% increase in December.
Published on 2026-02-23

Singapore Inflation Climbs to 13-Month High
Singapore’s annual inflation rate rose to 1.4% in January 2026, the highest reading since December 2024, accelerating from 1.2% in December. The main upward pressure came from a sharp increase in housing maintenance and repair costs, which surged to 27.9% (vs 1.6% in December). Inflation also picked up in housing and utilities (1.7% vs 0.2%), healthcare (4.4% vs 4.2%), and recreation, sport and culture (0.6% vs 0.3%). Meanwhile, food inflation held steady at 1.2%, as declines in rice (-1.9% vs -4.1%) and leafy vegetables (-2.4% vs -2.1%) were offset by higher prices for cakes and pastries (2.1% vs 1.3%), and breakfast cereals (1.7% vs -0.8%). Transport inflation also slowed to 2.4% (vs 3.6%), while deflation persisted for clothing & footwear (-0.4% vs -1%), and information and communication remained in deflation (-1.9% vs -2%). Core inflation was unchanged at 1.2%. On a monthly basis, CPI fell 0.5%, the first decline since late July, following a 0.3% increase in December.
Published on 2026-02-23

Singapore Inflation Rate Steady at 1.2%
Singapore's annual inflation rate stood at 1.2% in December 2025, unchanged from the previous two months and in line with market expectations. Prices were stable for food (1.2%), housing and utilities (0.2%), and information and communications (-2%). Additionally, costs rose slightly for transport (3.6% vs 3.2%) and education (1.2% vs 1.1%). On the other hand, deflation deepened for clothing and footwear (-1% vs -0.5%), while it slipped for household durables and services (-0.3% vs 0%) and ticked down for recreation, sport and culture (0.3% vs 0.5%) and miscellaneous goods and services (0.1% vs 0.2%). On a monthly basis, consumer prices edged up to 0.3% from 0.2% in November 2025. Meanwhile, the annual core inflation rate remained unchanged at 1.2% in December, the same as in the previous two months.
Published on 2026-01-23

Singapore Inflation Rate Steady in November
Singapore's annual inflation rate stood at 1.2% in November 2025, unchanged from the previous month but missing market expectations of 1.3%. Prices increased at a softer pace for housing and utilities (0.2% vs 0.3% in October), transport (3.2% vs 3.4%), recreation, sports and culture (0.5% vs 1.1%), and miscellaneous goods and services (0.2% vs 0.3%), while they remained stable for food (1.2%) and education (1.1%). In addition, prices declined for clothing and footwear (-0.5% vs 1.2%). On the other hand, prices accelerated for health (4.4% vs 4%), and deflation softened for information and communication (-2% vs -2.5%). Moreover, costs stalled for household durables and services after a 0.4% fall. On a monthly basis, consumer prices rose 0.2% after stalling in October. Meanwhile, the annual core inflation rate remained unchanged at 1.2% in November, matching market expectations.
Published on 2025-12-23

Singapore Inflation Rate Steady in November
Singapore's annual inflation rate stood at 1.2% in November 2025, unchanged from the previous month but missing market expectations of 1.3%. Prices increased at a softer pace for housing and utilities (0.2% vs 0.3% in October), transport (3.2% vs 3.4%), recreation, sports and culture (0.5% vs 1.1%), and miscellaneous goods and services (0.2% vs 0.3%), while they remained stable for food (1.2%) and education (1.1%). In addition, prices declined for clothing and footwear (-0.5% vs 1.2%). On the other hand, prices accelerated for health (4.4% vs 4%), and deflation softened for information and communication (-2% vs -2.5%). Moreover, costs stalled for household durables and services after a 0.4% fall. On a monthly basis, consumer prices rose 0.2% after stalling in October. Meanwhile, the annual core inflation rate remained unchanged at 1.2% in November, matching market expectations.
Published on 2025-12-23

Singapore Inflation Rate Steady in November
Singapore's annual inflation rate stood at 1.2% in November 2025, unchanged from the previous month but missing market expectations of 1.3%. Prices increased at a softer pace for housing and utilities (0.2% vs 0.3%), transport (3.2% vs 3.4%), recreation, sports and culture (0.5% vs 1.1%), and miscellaneous goods and services (0.2% vs 0.3%), while they remained stable for food (1.2%) and education (1.1%). In addition, prices declined for clothing and footwear (-0.5% vs 1.2%). On the other hand, prices accelerated for health (4.4% vs 4%), and deflation softened for information and communication (-2% vs -2.5%). Moreover, costs stalled for household durables and services after a 0.4% fall. On a monthly basis, consumer prices rose 0.2% after stalling in October. Meanwhile, the annual core inflation rate remained unchanged at 1.2% in November, matching market expectations.
Published on 2025-12-23

Singapore Inflation Rate Steady in November
Singapore's annual inflation rate stood at 1.2% in November 2025, unchanged from the previous month but missing market expectations of 1.3%. Prices increased at a softer pace for housing and utilities (0.2% vs 0.3%), transport (3.2% vs 3.4%), recreation, sports and culture (0.5% vs 1.1%), and miscellaneous goods and services (0.2% vs 0.3%), while they remained stable for food (1.2%) and education (1.1%). In addition, prices declined for clothing and footwear (-0.5% vs 1.2%). On the other hand, prices accelerated for health (4.4% vs 4%), and deflation softened for information and communication (-2% vs -2.5%). Moreover, costs stalled for household durables and services after a 0.4% fall. On a monthly basis, consumer prices rose 0.2% after stalling in October. Meanwhile, the annual core inflation rate remained unchanged at 1.2% in November, matching market expectations.
Published on 2025-12-23

Singapore Inflation Rate Notches 9-Month High
Singapore's annual inflation rate climbed to 1.2% in October 2025 from 0.7% in the prior month, marking the highest print since January. Food prices rose the most in six months (1.2% vs 1.1% in September), while further upward pressure came from clothing (1.2% vs –0.1%), housing (0.3% vs 0.2%), health (4.0% vs 1.4%), transport (3.4% vs 3.4%), recreation & culture (1.1% vs –2.2%), education (1.1% vs 1.0%), and miscellaneous items (0.3% vs –0.1%). In contrast, household durables and services saw a deeper drop (–0.4% vs –0.3%). The annual core inflation rate jumped to 1.2% from 0.4% in September, registering the highest figure in 10 months. Monthly, consumer prices were unchanged, after a 0.4% rise in September. In a joint statement, the Monetary Authority of Singapore and the Ministry of Trade and Industry said imported costs are expected to keep falling, though at a slower pace. Meanwhile, administrative factors that have been dampening inflation may taper in the coming quarters.
Published on 2025-11-24

Singapore Inflation Rate Notches 9-Month High
Singapore's annual inflation rate climbed to 1.2% in October 2025 from 0.7% in the prior month, marking the highest print since January. Food prices rose the most in six months (1.2% vs 1.1% in September), while further upward pressure came from clothing (1.2% vs –0.1%), housing (0.3% vs 0.2%), health (4.0% vs 1.4%), transport (3.4% vs 3.4%), recreation & culture (1.1% vs –2.2%), education (1.1% vs 1.0%), and miscellaneous items (0.3% vs –0.1%). In contrast, household durables and services saw a deeper drop (–0.4% vs –0.3%). The annual core inflation rate jumped to 1.2% from 0.4% in September, registering the highest figure in 10 months. Monthly, consumer prices were unchanged, after a 0.4% rise in September. In a joint statement, the Monetary Authority of Singapore and the Ministry of Trade and Industry said imported costs are expected to keep falling, though at a slower pace. Meanwhile, administrative factors that have been dampening inflation may taper in the coming quarters.
Published on 2025-11-24

Singapore Inflation Rate Notches 9-Month High
Singapore's annual inflation rate climbed to 1.2% in October 2025 from 0.7% in the prior month, marking the highest print since January. Food prices rose the most in six months (1.2% vs 1.1% in September), while further upward pressure came from clothing (1.2% vs –0.1%), housing (0.3% vs 0.2%), health (4.0% vs 1.4%), transport (3.4% vs 3.4%), recreation & culture (1.1% vs –2.2%), education (1.1% vs 1.0%), and miscellaneous items (0.3% vs –0.1%). In contrast, household durables and services saw a deeper drop (–0.4% vs –0.3%). The annual core inflation rate jumped to 1.2% from 0.4% in September, registering the highest figure in 10 months. Monthly, consumer prices were unchanged, after a 0.4% rise in September. In a joint statement, the Monetary Authority of Singapore and the Ministry of Trade and Industry said imported costs are expected to keep falling, though at a slower pace. Meanwhile, administrative factors that have been dampening inflation may taper in the coming quarters.
Published on 2025-11-24

Singapore Inflation Rate Notches 9-Month High
Singapore's annual inflation rate climbed to 1.2% in October 2025 from 0.7% in the previous month, marking the highest reading since January. The annual core inflation rate also jumped to 1.2% from 0.4% in September, registering the highest figure in 10 months.
Published on 2025-11-24

Singapore Inflation Rate Notches 9-Month High
Singapore's annual inflation rate climbed to 1.2% in October 2025 from 0.7% in the previous month, marking the highest reading since January. Food prices recorded their fastest increase in six months (1.2% vs 1.1% in September), while further upward pressure came from most components, including clothing and footwear (1.2% vs –0.1%), housing and utilities (0.3% vs 0.2%), health (4.0% vs 1.4%), transport (3.4% vs 3.4%), recreation, sport and culture (1.1% vs –2.2%), education (1.1% vs 1.0%), and miscellaneous goods and services (0.3% vs –0.1%). In contrast, household durables and services saw a deeper decline (–0.4% vs –0.3%). The annual core inflation rate also jumped to 1.2% from 0.4% in September, registering the highest figure in 10 months. On a monthly basis, consumer prices were unchanged, following a 0.4% increase in September.
Published on 2025-11-24

Singapore Inflation Rate Hits 3-Month High
Singapore's annual inflation rate edged up to 0.7% in September 2025, picking up from a more than four-year low of 0.5% in the previous month and slightly above market expectations of 0.6%. The latest figure marked the highest reading since June, as prices increased at a faster pace for transport (3.4% vs 2.3% in August) and education (1% vs 0.8%). Moreover, deflation eased for household durables and services (-0.3% vs -0.9%), recreation, sport and culture (-2.2% vs -3.0%), and miscellaneous goods and services (-0.1% vs -0.8%), while prices for food were unchanged (1.1%). Meanwhile, costs moderated for housing and utilities (0.2% vs 0.3%) and health (1.4% vs 2.3%), while it slipped for clothing and footwear (-0.1% vs 0.2%). On a monthly basis, consumer prices rose by 0.4%, easing from 0.5% in August. Meanwhile, the annual core inflation rate edged higher to 0.4% in September, compared with market expectations of 0.2% and 0.3% in the prior month.
Published on 2025-10-23

Singapore Inflation Rate Hits 3-Month High
Singapore's annual inflation rate edged up to 0.7% in September 2025, picking up from a more than four-year low of 0.5% in the previous month and slightly above market expectations of 0.6%. The latest figure marked the highest reading since June, as prices increased at a faster pace for transport (3.4% vs 2.3% in August) and education (1% vs 0.8%). Moreover, deflation eased for household durables and services (-0.3% vs -0.9%), recreation, sport and culture (-2.2% vs -3.0%), and miscellaneous goods and services (-0.1% vs -0.8%), while prices for food were unchanged (1.1%). Meanwhile, costs moderated for housing and utilities (0.2% vs 0.3%) and health (1.4% vs 2.3%), while it slipped for clothing and footwear (-0.1% vs 0.2%). On a monthly basis, consumer prices rose by 0.4%, easing from 0.5% in August. Meanwhile, the annual core inflation rate edged higher to 0.4% in September, compared with market expectations of 0.2% and 0.3% in the prior month.
Published on 2025-10-23

Singapore Inflation Rate Lowest Since 2021
Singapore’s annual inflation rate edged down to 0.5% in August 2025, compared to market expectations and the prior month’s 0.6%. The latest figure marked the lowest inflation rate since January 2021, with prices stable for food (1.1% vs 1.1% in July) and housing and utilities (0.3% vs 0.3%). Additionally, costs ticked down for health (2.3% vs 2.4%), while deflation worsened for household durables and services (-0.9% vs -0.5%), recreation, sport and culture (-3.0% vs -1.2%), and miscellaneous goods and services (-0.8% vs -0.4%). On the other hand, costs increased at a faster pace for transport (2.3% vs 2.1%) and education (0.8% vs 0.7%). Moreover, costs rebounded for clothing and footwear (0.2% vs -2.3%). On a monthly basis, consumer prices rose 0.5% in August, rebounding from a 0.4% fall in the previous month. Meanwhile, the annual core inflation rate eased to 0.3% in August, the lowest since February 2021, compared to market forecasts of 0.4% and July’s 0.5%.
Published on 2025-09-23