FX.co ★ Singapore Core CPI Ticks Up to 2.2% in August, Marking Modest Acceleration in Underlying Inflation

Singapore’s core consumer price index (CPI) rose 2.20% year-over-year in August 2026, edging up from 2.00% in July, according to data updated on 23 September 2026. The core gauge, which excludes volatile components and is closely watched as a measure of underlying inflation, therefore showed a slight acceleration in price pressures.

Both the current and previous readings are based on year-over-year comparisons: August’s figure reflects the change versus August a year earlier, while July’s 2.00% reading was measured against July a year earlier. The uptick suggests that, while inflation remains relatively contained, underlying cost pressures have firmed modestly heading into late 2026. Investors and policymakers are likely to monitor upcoming prints to gauge whether this move signals the start of a more persistent trend or a temporary fluctuation in core inflation dynamics.