Singapore’s Consumer Price Index (CPI) for May 2026 saw a year-on-year increase of 1.8%, according to the latest data. The month-on-month rise was 0.7%, reflecting notable increases in specific sectors such as transport and health.
The transport sector experienced a significant year-on-year increase of 7.4%, with private transport costs rising by 8.6%. Health costs also saw a substantial rise, with an increase of 3.1% compared to the previous year. Within the health sector, health insurance costs surged by 8.6%.
Food prices remained stable month-on-month but rose by 1.8% compared to May 2025. Notably, the cost of fish and other seafood increased by 7.4% year-on-year. Meanwhile, the information and communication sector saw a decline, with prices dropping by 2.9% year-on-year.
The CPI, which uses 2024 as its base year, provides a comprehensive measure of the average change over time in the prices paid by consumers for a basket of goods and services. This latest data highlights the ongoing pressures in specific sectors, particularly transport and health, which continue to drive overall inflation.
As the Monetary Authority of Singapore (MAS) monitors these trends, the data will likely inform future policy decisions aimed at managing inflation and ensuring economic stability.
