FX.co ★ Singapore September CPI Eases to 2.2% Year-on-Year, Extending Disinflation Trend

Singapore’s consumer price inflation edged down in September 2026, with the Consumer Price Index (CPI) rising 2.2% year-on-year, slightly below the 2.3% annual pace recorded in August 2026. The latest data, updated on 23 October 2026, point to a modest but continued easing of price pressures in the city-state.

Both the current and previous readings are measured on a year-over-year basis, comparing each month’s CPI to the same month a year earlier. The slowdown from August to September suggests that inflationary momentum is gradually softening, which could offer some relief to households and contribute to a more stable cost environment heading into the final quarter of 2026.

Market participants and policymakers are likely to monitor upcoming releases closely to assess whether this disinflation trend becomes more entrenched, potentially shaping expectations around consumer spending, wage negotiations, and the broader policy outlook for Singapore’s economy.