FX.co ★ Singapore’s Core Inflation Eases to 1.0% in January, Extending Cooling Trend

Singapore’s core Consumer Price Index (CPI) growth slowed to 1.00% year-over-year in January 2026, down from 1.20% in December 2025, signaling a continued easing in underlying inflationary pressures. The latest figure, updated on 23 February 2026, reflects the change in prices excluding key volatile components, compared with the same month a year earlier.

The December reading of 1.20% was itself measured against December a year prior, and the fresh January print follows the same year-over-year comparison framework. The moderation suggests that price growth in the core basket is stabilizing at a lower pace, a development that could influence expectations around domestic cost pressures and future policy considerations.

For investors and businesses, the softer core CPI reading points to a more benign inflation backdrop at the start of 2026, with implications for real income dynamics, pricing power, and the broader outlook for consumer demand in Singapore’s economy.