FX.co ★ Singapore CPI Inflation Cools Sharply to 0.2% in September on Month-Over-Month Basis

Singapore’s consumer price inflation eased markedly in September 2026, with the month-over-month Consumer Price Index (CPI) rising just 0.20%, down from 0.60% in August 2026, according to data updated on 23 October 2026.

The slowdown means that price pressures moderated significantly on a short-term basis, as the latest reading compares the change in September to August, while the previous figure reflected the change in August relative to July. The step down from 0.60% to 0.20% suggests that the momentum of price increases has weakened, which may help temper near-term concerns about accelerating inflation.

Market participants and policymakers are likely to view the softer September CPI as an indication that earlier price spikes are not becoming entrenched, although the monthly data will continue to be monitored closely for signs of whether this easing trend can be sustained in the coming months.