The Investor
24 Aug 2026, 10:09
Singapore Inflation Accelerates in July as Energy and Services Costs Rise
Singapore’s inflation accelerated in July 2026, with both headline and core price growth picking up from June as electricity, services and food costs increased.
Headline CPI rose 2.2% year-over-year, up from 1.9% in June. Core inflation, which excludes accommodation and private road transport, accelerated more sharply to 2.0% from 1.6%. On a monthly basis, core prices increased 0.3%, while headline CPI declined 0.2%.
The acceleration was driven particularly by electricity and gas inflation, which surged to 8.7% from a 2.9% decline in June. Services inflation increased to 1.7% from 1.5%, while food inflation edged higher to 2.2% from 2.1%.
Singapore’s inflation accelerated in July 2026, with both headline and core price growth picking up from June as electricity, services and food costs increased.
Headline CPI rose 2.2% year-over-year, up from 1.9% in June. Core inflation, which excludes accommodation and private road transport, accelerated more sharply to 2.0% from 1.6%. On a monthly basis, core prices increased 0.3%, while headline CPI declined 0.2%.
The acceleration was driven particularly by electricity and gas inflation, which surged to 8.7% from a 2.9% decline in June. Services inflation increased to 1.7% from 1.5%, while food inflation edged higher to 2.2% from 2.1%.
