Singapore’s consumer price inflation picked up in July 2026, with the Consumer Price Index (CPI) rising 2.2% year-on-year, up from 1.9% in June 2026. The latest data, updated on 24 August 2026, shows price pressures edging higher compared with the same month a year earlier.
On a year-over-year basis, July’s reading indicates that inflationary momentum has strengthened slightly, reversing the more moderate pace seen in June. The “actual” figure for July reflects the change in prices compared to July a year ago, while the “previous” reading reflects June’s prices versus June a year earlier.
The uptick to 2.2% will be closely watched by analysts and market participants, as it may signal a gradual firming in underlying price trends after a period of relatively subdued inflation. Policymakers and investors alike are likely to monitor subsequent releases to determine whether July marks the beginning of a sustained upward trajectory in Singapore’s inflation profile or a temporary fluctuation.
