Singapore’s annual inflation rate edged up to 2.3% in August 2026 from 2.2% in the previous month. It marked the highest reading since July 2024, as prices accelerated for food (2.3% vs 2.2% in July), transport (8.1% vs 7.9%), clothing and footwear (3.1% vs 1.5%), household durables and services (1.2% vs 1%), and miscellaneous goods and services (2.6% vs 1.9%). Moreover, prices were stable for housing and utilities (1.3%) and health (3.3%), while deflation in education slightly eased (-0.7% vs -0.9%). In contrast, inflation ticked down for recreation, sport and culture (1% vs 1.1%). On a monthly basis, consumer prices rebounded 0.6% from a 0.2% decline in July, marking its highest level since February. Core inflation, which excludes accommodation and private transport costs, rose to 2.2% in August from 2% in July, its highest since September 2024. The central bank had earlier said inflation was expected to pick up from July and remain elevated through the first half of next year. source: Statistics Singapore

Inflation Rate in Singapore increased to 2.30 percent in August from 2.20 percent in July 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 September of 2026.

Inflation Rate in Singapore increased to 2.30 percent in August from 2.20 percent in July of 2026. Inflation Rate in Singapore is expected to be 2.10 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
2026-08-24 05:00 AM
Inflation Rate YoY
Jul 2.2% 1.9% 2.1%
2026-09-23 05:00 AM
Inflation Rate YoY
Aug 2.3% 2.2% 2.3% 2.2%
2026-10-23 05:00 AM
Inflation Rate YoY
Sep 2.3% 2.1%


Related Last Previous Unit Reference
CPI 103.33 102.70 points Aug 2026
Core Consumer Prices 102.74 102.46 points Aug 2026
Core Inflation Rate YoY 2.20 2.00 percent Aug 2026
CPI Housing Utilities 102.74 101.10 points Aug 2026
CPI Transportation 110.30 109.80 points Aug 2026
Export Prices 101.57 101.59 points Jul 2026
Food Inflation 2.30 2.20 percent Aug 2026
GDP Deflator 139.40 134.90 points Jun 2026
Import Prices 103.82 102.97 points Jul 2026
Inflation Rate YoY 2.30 2.20 percent Aug 2026
Inflation Rate MoM 0.60 -0.20 percent Aug 2026
Domestic Supply Price Index 129.87 126.94 points Jul 2026
Domestic Supply Price Index YoY 33.40 30.30 percent Jul 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
2.30 2.20 34.30 -3.10 1962 - 2026 percent Monthly
2024=100, NSA

News Stream
Singapore Inflation Rate Hits Over 2-Year High
Singapore’s annual inflation rate edged up to 2.3% in August 2026 from 2.2% in the previous month. It marked the highest reading since July 2024, as prices accelerated for food (2.3% vs 2.2% in July), transport (8.1% vs 7.9%), clothing and footwear (3.1% vs 1.5%), household durables and services (1.2% vs 1%), and miscellaneous goods and services (2.6% vs 1.9%). Moreover, prices were stable for housing and utilities (1.3%) and health (3.3%), while deflation in education slightly eased (-0.7% vs -0.9%). In contrast, inflation ticked down for recreation, sport and culture (1% vs 1.1%). On a monthly basis, consumer prices rebounded 0.6% from a 0.2% decline in July, marking its highest level since February. Core inflation, which excludes accommodation and private transport costs, rose to 2.2% in August from 2% in July, its highest since September 2024. The central bank had earlier said inflation was expected to pick up from July and remain elevated through the first half of next year.
2026-09-23
Singapore Inflation Rate Hits Near 2-Year High
Singapore’s annual inflation rate rose to 2.2% in July 2026 from 1.9% in the previous month. It marked the highest reading since August 2024, as prices increased at a faster pace for food (2.2% vs 2.1% in June), housing and utilities (1.3% vs 0.3%), transport (7.9% vs 7.5%), and health (3.3% vs 3.1%). In addition, prices rebounded notably for clothing and footwear (1.5% vs -0.1%). Meanwhile, inflation eased for household durables and services (1% vs 1.4%) and miscellaneous goods and services (1.9% vs 2%), while deflation deepened for information and communication (-4% vs -2.7%) and education (-0.9% vs -0.8%). On a monthly basis, consumer prices fell 0.2% after stalling in June. Core inflation, which excludes accommodation and private transport costs, rose to 2% from 1.6%. The MAS raised its 2026 core inflation forecast to 1.5%-2.5% from 1%-2%, citing risks that persistent price pressures could weigh on household spending and demand.
2026-08-24
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