Singapore’s consumer price inflation edged slightly higher in August 2026, with the Consumer Price Index (CPI) rising 2.3% year-on-year, up from 2.2% in July 2026. The latest data, updated on 23 September 2026, mark a small but notable pause in the recent disinflation trend.
On a year-over-year basis, the August reading indicates that prices increased more quickly than in the previous month when comparing each period to the same month a year earlier. July’s 2.2% YoY rise reflected a more moderate pace of price growth, but the August figure suggests that underlying price pressures remain present in the Singapore economy.
While the change from 2.2% to 2.3% is modest, the uptick will be closely watched by market participants and policymakers assessing the trajectory of inflation and its implications for monetary and fiscal policy settings in the months ahead.
