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. source: Statistics Singapore

Inflation Rate in Singapore increased to 1.40 percent in January from 1.20 percent in December of 2025. Inflation Rate in Singapore averaged 2.57 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 March of 2026.

Inflation Rate in Singapore increased to 1.40 percent in January from 1.20 percent in December of 2025. Inflation Rate in Singapore is expected to be 1.30 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 1.90 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-23 05:00 AM
Inflation Rate YoY
Dec 1.2% 1.2% 1.2% 1.1%
2026-02-23 05:00 AM
Inflation Rate YoY
Jan 1.4% 1.2% 1.6%
2026-03-23 05:00 AM
Inflation Rate YoY
Feb 1.4% 1.2%


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
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
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 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
1.40 1.20 34.30 -3.10 1962 - 2026 percent Monthly
2024=100, NSA

News Stream
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.
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.
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.
2025-12-23