FX.co ★ Singapore Inflation Rate Edges Lower

Singapore’s annual inflation rate eased to 1.2% in February 2026, down from a thirteen-month high of 1.4% in January. The moderation was mainly driven by housing and utilities (0.3% vs 1.7% in January), reflecting notably weaker prices for utilities and other fuels.

By contrast, food inflation accelerated to 1.6% from 1.2%, with notable increases in cereal products, meat, and fruits and nuts. Transport costs also rose at a faster pace (2.7% vs 2.4%), led by higher prices in private transport and land transport services.

Additionally, prices rebounded in clothing (0.9% vs -0.4%) and in information and communication (1.4% vs -1.9%). Inflation also strengthened further in recreation, sport, and culture (1.9% vs 0.6%).

On a monthly basis, consumer prices climbed 0.6%, reversing a 0.5% decline in January. Meanwhile, core inflation increased to 1.4% from 1.0%, reaching its highest level since December 2024.