Financial News: Singapore Inflation Rises To 13-month High

Singapore Inflation Rises To 13-month High

02/23/2026 - 02:10:00 (RTTNews)

(RTTNews) - Singapore's consumer price inflation accelerated in January to the highest level in just over a year amid higher accommodation costs, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.

The consumer price index, or CPI, climbed 1.4 percent year-over-year in January, faster than December's stable increase of 1.2 percent.

Further, this was the highest inflation rate since December 2024, when prices had risen 1.5 percent.

Data showed that MAS core inflation also moderated to 1.0 percent from 1.2 percent. The slowdown in core inflation was largely due to a moderation in services inflation.

Month-on-month, the total CPI decreased 0.5 percent in January versus a 0.3 percent increase in December. Core consumer prices also dropped 0.3 percent.

Accommodation inflation quickened to 1.9 percent in January from 0.3 percent due to a larger increase in the cost of housing maintenance and repairs. Prices of retail and other goods rose 0.5 percent after remaining flat in December.

At the same time, food inflation was steady at 1.2 percent, and private transport inflation moderated to 2.7 percent from 3.7 percent due to a smaller increase in car prices and a steeper decline in petrol prices.

Looking ahead, Singapore's imported costs should remain contained, the MAS said. Domestically, unit labor cost growth should edge higher in 2026. MAS Core Inflation and CPI All items' inflation is projected to average 1.0 to 2.0 percent in 2026.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Core Machinery Orders Jump 13.6% In February (18 min(s), 04 sec(s) ago)
(RTTNews) - The value of core machinery orders in Japan was up a seasonally adjusted 13.6 percent ...Full Story»

South Korea Trade Data Due On Wednesday (02 hr(s), 11 min(s), 04 sec(s) ago)
(RTTNews) - South Korea will on Wednesday release March figures for imports, exports and trade bal ...Full Story»

South Korea Export Prices Surge 28.7% On Year In March (02 hr(s), 37 min(s), 04 sec(s) ago)
(RTTNews) - Export prices in South Korea were up 28.7 percent on year in March, the Bank of Korea ...Full Story»

U.S. Small Business Confidence Unexpectedly Drops Amid Rising Cost Concerns (06 hr(s), 0 min(s),04 sec(s) ago)
(RTTNews) - Small business morale in the U.S. sunk in March as the conflict in the Middle East led ...Full Story»

U.S. Small Business Confidence Unexpectedly Drops Amid Rising Cost Concerns (06 hr(s), 03 min(s), 04 sec(s) ago)
(RTTNews) - Small business morale in the U.S. sunk in March as the conflict in the Middle East led ...Full Story»

U.S. Producer Prices Increase 0.5% In March, Much Less Than Expected (10 hr(s), 0 min(s),04 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed producer prices in the U.S ...Full Story»

CORRECTION: U.S. Producer Prices Increase Much Less Than Expected In March (11 hr(s), 29 min(s), 04 sec(s) ago)
(RTTNews) - (Correction: The original article compared the data to incorrect economist estimates. ...Full Story»

U.S. Producer Prices Increase In Line With Estimates In March (11 hr(s), 38 min(s), 04 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed producer prices in the U.S ...Full Story»