Singapore’s core Consumer Price Index (CPI) eased to 1.40% year-on-year in April 2026, down from 1.70% in March 2026, continuing the city-state’s recent disinflation momentum. The data, updated on 25 May 2026, show that underlying price pressures are moderating when compared with the same period a year earlier.
The April core CPI figure, measured on a year-over-year basis, reflects the change in prices excluding more volatile components, relative to April of the previous year. Similarly, March’s 1.70% reading captured the annual change in core prices versus March a year earlier. The latest moderation suggests a further easing in underlying inflation, potentially giving policymakers more room to assess the balance between price stability and growth.
Market participants and analysts will be watching upcoming data closely to gauge whether April’s slowdown marks a sustained trend in core inflation or a temporary soft patch, as Singapore’s open economy remains sensitive to global demand, currency movements, and imported cost pressures.
