Singapore’s Consumer Price Index (CPI) for February 2026 increased by 1.2% compared to the same month last year, according to the latest data. On a month-on-month basis, the CPI rose by 0.6%, reflecting a continued upward trend in consumer prices.
The rise in the CPI was driven by several key expenditure divisions. Notably, the food sector saw a year-on-year increase of 1.6%, with fish and other seafood prices surging by 7.4%. Transport costs also contributed to the overall increase, with a 2.7% rise year-on-year, despite a 0.4% decrease from January 2026.
Health insurance costs experienced a significant jump, with a 14.8% increase compared to February 2025, although they fell by 1.4% from the previous month. Meanwhile, the clothing and footwear sector saw a decline, with prices dropping by 0.9% year-on-year.
The Monetary Authority of Singapore’s (MAS) core inflation measure, which excludes accommodation and private road transport costs, rose by 1.4% year-on-year and 0.5% month-on-month. This measure is closely watched as it provides a clearer view of underlying inflation trends.
These figures highlight the ongoing pressures on consumer prices in Singapore, influenced by various factors across different sectors. As the economy continues to adjust, monitoring these trends will be crucial for policymakers and consumers alike.
