Singapore core inflation rises to 2.2% in August
Singapore’s core inflation rose to 2.2% year on year in August from 2% in July, while overall inflation reached 2.3%. Higher services, food and retail costs are affecting household prices, although the official 2026 forecast remains 1.5%-2.5%.
By DoomRadar · Published on DoomRadar . Updated .
What happened
Singapore’s core inflation increased to 2.2% year on year in August, up from 2% in July, according to official data cited by Business Times and AsiaOne. [1][2]
References for this detail (2)
- Singapore core inflation picks up to 2.2% in August on higher services, retail and food costsbusinesstimes.com.sg · Recorded source date: Sep 23, 2026, 5:31 AM UTC
- Singapore core inflation rises to 2.2% in Augustasiaone.com · Recorded source date: Sep 23, 2026, 7:01 AM UTC
Overall consumer-price inflation rose to 2.3% in August from 2.2% in July, while core prices increased 0.3% month on month. [2][3]
References for this detail (2)
- Singapore core inflation rises to 2.2% in Augustasiaone.com · Recorded source date: Sep 23, 2026, 7:01 AM UTC
- Singapore's core inflation rises to nearly two-year high of 2.2% in Augustchannelnewsasia.com · Recorded source date: Sep 23, 2026, 5:46 AM UTC
Electricity and gas prices were 8.7% higher year on year, and food-services inflation rose to 2.3% from 2.2%. [1]
References for this detail (1)
- Singapore core inflation picks up to 2.2% in August on higher services, retail and food costsbusinesstimes.com.sg · Recorded source date: Sep 23, 2026, 5:31 AM UTC
Services inflation accelerated to 2% from 1.7%, partly because airline and point-to-point transport fares increased more quickly. [1]
References for this detail (1)
- Singapore core inflation picks up to 2.2% in August on higher services, retail and food costsbusinesstimes.com.sg · Recorded source date: Sep 23, 2026, 5:31 AM UTC
Context from the sources
Singapore’s Monetary Authority and Ministry of Trade and Industry maintained a 2026 forecast range of 1.5%-2.5% for both core and overall inflation. [1][2][3]
Explore the sources and reporting timeline
3 source links · 3 domains
These counts describe the references, not independent confirmations. Different outlets can repeat the same original report.
Source timeline
Oldest to newest among the available source dates, not a chronology of the incident. Article publication dates come from the source; other recorded dates may reflect when a link was found.
- [1] Singapore core inflation picks up to 2.2% in August on higher services, retail and food costsbusinesstimes.com.sgReferenced for: detail 1, detail 3, detail 4
- [3] Singapore's core inflation rises to nearly two-year high of 2.2% in Augustchannelnewsasia.comReferenced for: detail 2
- [2] Singapore core inflation rises to 2.2% in Augustasiaone.comReferenced for: detail 1, detail 2
What this could mean for you
Higher prices for meals, retail goods and some services may be noticeable.
The reported rise in food-services, retail and services inflation raises the prices of affected consumer purchases.
Reported basis: [1][2] · The possible effect is interpretation.
Depends on: These categories continue recording price increases.
Possible time frame: months, if those conditions hold.
Utility bills may remain higher than a year earlier.
Electricity and gas prices were reported 8.7% higher year on year in August.
Reported basis: [1] · The possible effect is interpretation.
Depends on: Energy prices remain above their earlier-year levels or feed into other costs.
Possible time frame: months, if those conditions hold.
Possible consequences, not a forecast. Their relevance depends on your location and the conditions above.
For your country
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What changes the outlook
Risk increases if…
Core inflation remains elevated into 2027, as the agencies currently expect.
Energy, food-services or transport prices accelerate further.
Pressure eases if…
Global energy prices ease, supporting the agencies’ expected moderation from around mid-2027.
Monthly increases in services, food and retail prices slow.
Still unclear
The sources do not establish how individual household budgets or specific businesses will be affected.
The timing and size of future monthly price changes remain uncertain.
Market implications
Market impact
Sources (3)
References for the reported details. Separate links do not necessarily mean independent confirmation.
Available excerpt
Headline inflation, which includes accommodation and private transport, rises to 2.3% Food services costs nudge food inflation up to 2.3% from 2.2%. PHOTO: ST [SINGAPORE]…A short excerpt from our source record; open the original for the full article.
Available excerpt
Singapore's core inflation rose 2.2 per cent in August from a year earlier, data from the Ministry of Trade and Industry (MTI) and the Monetary…A short excerpt from our source record; open the original for the full article.
Available excerpt
Consumers could face higher prices in the months ahead as energy costs remain elevated. SINGAPORE: Singapore’s core inflation rose to 2.2 per cent year-on-year in…A short excerpt from our source record; open the original for the full article.
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