Singapore’s Consumer Price Index (CPI) for July 2026 recorded a 2.2% increase compared to the same month last year, according to the latest data. However, the index saw a 0.2% decline from June 2026. This fluctuation highlights the ongoing shifts in consumer prices across various sectors.
The CPI, which uses 2024 as its base year, reflects changes in the cost of a basket of goods and services. Notably, the transport sector experienced a significant year-on-year increase of 7.9%, driven by a rise in private transport costs. Meanwhile, the food sector also saw a 2.2% increase, with fish and other seafood prices surging by 6.9%.
Conversely, the information and communication sector witnessed a notable decline, with a 4.0% year-on-year decrease. This drop was primarily due to a reduction in the cost of information and communication services.
The Monetary Authority of Singapore’s (MAS) core inflation measure, which excludes accommodation and private road transport costs, rose by 2.0% year-on-year. This indicates underlying inflationary pressures in the economy.
The data underscores the varied impact of inflation across different sectors, affecting consumer spending and economic planning. As Singapore navigates these economic changes, the CPI will continue to be a crucial indicator for policymakers and businesses alike.
