Singapore’s annual inflation rate edged up to 1.9% in June 2026 from 1.8% in the previous month, slightly below market expectations of 2%. Still, it marked the highest level since September 2024, suggesting that recent increases in global energy prices and transportation costs are beginning to filter through to domestic prices. Price growth accelerated across several key categories, particularly food (2.1% vs 1.8% in May), housing and utilities (0.3% vs 0.2%), and transport (7.5% vs 7.4%). In addition, services inflation ticked higher to 1.5% from 1.4%, driven largely by higher airfares and holiday-related expenses. On a monthly basis, consumer prices stalled in June after rising 0.7% in the previous month. Meanwhile, core inflation, which excludes accommodation and private transport costs, accelerated to 1.6% from 1.4%. The MAS raised its 2026 core inflation forecast to 1.5%-2.5% from 1%-2%, citing risks that persistent price pressures could dampen household spending and demand. source: Statistics Singapore

Inflation Rate in Singapore increased to 1.90 percent in June from 1.80 percent in May of 2026. Inflation Rate in Singapore averaged 2.56 percent from 1962 until 2026, reaching an all time high of 34.30 percent in March of 1974 and a record low of -3.10 percent in September of 1976. This page provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Inflation Rate in Singapore increased to 1.90 percent in June from 1.80 percent in May of 2026. Inflation Rate in Singapore is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Inflation Rate is projected to trend around 2.00 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-23 05:00 AM
Inflation Rate YoY
May 1.8% 1.8% 2% 1.9%
2026-07-23 05:00 AM
Inflation Rate YoY
Jun 1.9% 1.8% 2.0% 2.1%
2026-08-25 05:00 AM
Inflation Rate YoY
Jul 1.9%


Related Last Previous Unit Reference
CPI 102.86 102.81 points Jun 2026
Core Consumer Prices 102.17 102.06 points Jun 2026
Core Inflation Rate YoY 1.60 1.40 percent Jun 2026
CPI Housing Utilities 101.70 101.70 points Jun 2026
CPI Transportation 109.20 109.30 points Jun 2026
Export Prices 103.51 104.31 points May 2026
Food Inflation 2.10 1.80 percent Jun 2026
GDP Deflator 134.00 135.60 points Mar 2026
Import Prices 107.01 108.79 points May 2026
Inflation Rate YoY 1.90 1.80 percent Jun 2026
Inflation Rate MoM 0.00 0.70 percent Jun 2026
Domestic Supply Price Index 130.93 133.44 points May 2026
Domestic Supply Price Index YoY 34.20 32.10 percent May 2026


Singapore Inflation Rate
In Singapore, the most important categories in the Consumer Price Index are: Housing (25%) and Food (21%). The index also includes: Transport (17%); Recreation & Culture (8%); Education (7%); Healthcare (7%); Communications (4%); Clothing & Footwear (2%); Miscellaneous Goods & Services (5%); and Household Durables & Services (5%).
Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.80 34.30 -3.10 1962 - 2026 percent Monthly
2024=100, NSA

News Stream
Singapore Inflation Rate Highest Since 2024
Singapore’s annual inflation rate edged up to 1.9% in June 2026 from 1.8% in the previous month, slightly below market expectations of 2%. Still, it marked the highest level since September 2024, suggesting that recent increases in global energy prices and transportation costs are beginning to filter through to domestic prices. Price growth accelerated across several key categories, particularly food (2.1% vs 1.8% in May), housing and utilities (0.3% vs 0.2%), and transport (7.5% vs 7.4%). In addition, services inflation ticked higher to 1.5% from 1.4%, driven largely by higher airfares and holiday-related expenses. On a monthly basis, consumer prices stalled in June after rising 0.7% in the previous month. Meanwhile, core inflation, which excludes accommodation and private transport costs, accelerated to 1.6% from 1.4%. The MAS raised its 2026 core inflation forecast to 1.5%-2.5% from 1%-2%, citing risks that persistent price pressures could dampen household spending and demand.
2026-07-23
Singapore Inflation Rate Below Forecasts
Singapore's annual inflation rate held steady at 1.8% in May 2026, unchanged for a second consecutive month and below market expectations of 2%. The reading comes on the heels of the Monetary Authority of Singapore's return to policy tightening in April, the first such move since 2022, as the central bank sought to guard against inflationary pressures arising from the conflict in the Middle East. The central bank also raised its forecasts for both core and headline inflation to 1.5%–2.5% for 2026, from 1%–2% previously. Price pressures accelerated across major categories, particularly food (1.8% vs 1.6% in April) and transport (7.4% vs 7.0%), while inflation for housing and utilities remained unchanged at 0.2%. On a monthly basis, consumer prices rose 0.7%, rebounding from a 0.3% fall in April. Meanwhile, core inflation, which excludes accommodation and private transport costs, held steady at 1.4% in May, slightly below market expectations of 1.6%.
2026-06-23
Singapore Inflation Rate Steady in April
Singapore’s annual inflation rate held steady at 1.8% in April 2026, unchanged from March but below market expectations of 2%. It remained the highest reading since September 2024, as the transport costs rose to 7% from 6% in the prior month, as the ongoing Middle East conflict continued to trigger a surge in global oil prices and severe disruptions to energy supply chains. Prices also slightly increased for clothing and footwear (1% vs 0.9%), household durables and services (1.1% vs 0.9%), and miscellaneous goods and services (1.7% vs 1.5%). On the other hand, food inflation remained unchanged at 1.6%, while price growth moderated for housing and utilities (0.2% vs 0.3%) and healthcare (3.1% vs 4.0%). On a monthly basis, consumer prices fell 0.3% in April, reversing the 0.5% increase recorded in March. Meanwhile, core inflation, which excludes accommodation and private transport costs, eased to 1.4% from 1.7% in March, also coming in below market expectations of 1.7%.
2026-05-25