The annual core inflation rate in Singapore was unchanged at 1.2% in January 2026, remaining at its highest level since December 2024. Core Inflation Rate in Singapore averaged 1.75 percent from 1990 until 2026, reaching an all time high of 6.60 percent in June of 2008 and a record low of -1.40 percent in November of 2009. source: Monetary Authority of Singapore

Core consumer prices in Singapore increased 1.20 percent in December of 2025 over the same month in the previous year.

Core consumer prices in Singapore increased 1.20 percent in December of 2025 over the same month in the previous year. Core Inflation Rate in Singapore is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Core Inflation Rate is projected to trend around 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-23 05:00 AM
Core Inflation Rate YoY
Dec 1.2% 1.2% 0.9%
2026-02-23 05:00 AM
Core Inflation Rate YoY
Jan 1% 1.2% 1.6%
2026-03-23 05:00 AM
Core Inflation Rate YoY
Feb 1%


Related Last Previous Unit Reference
CPI 101.30 101.90 points Jan 2026
Core Consumer Prices 101.47 101.66 points Jan 2026
Core Inflation Rate YoY 1.00 1.20 percent Jan 2026
CPI Housing Utilities 100.10 101.50 points Jan 2026
CPI Transportation 104.70 104.40 points Jan 2026
Export Prices 89.21 89.76 points Jan 2026
Export Prices YoY -6.20 -4.90 percent Jan 2026
Food Inflation 1.20 1.20 percent Jan 2026
GDP Deflator 135.60 131.60 points Dec 2025
Import Prices 91.80 91.50 points Jan 2026
Import Prices YoY -3.70 -3.30 percent Jan 2026
Inflation Rate YoY 1.40 1.20 percent Jan 2026
Inflation Rate MoM -0.50 0.30 percent Jan 2026
Producer Prices 98.16 98.21 points Jan 2026
PPI YoY -3.30 2.80 percent Dec 2025


Singapore Core Inflation Rate
In Singapore, the core inflation rate tracks changes in prices that consumers pay for a basket of goods excluding changes in the price of cars and accommodation, which are influenced more by government policies.
Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.20 6.60 -1.40 1990 - 2026 percent Monthly
NSA