Singapore core inflation rose to 2.2 percent in August
The Straits Times reports Singapore core inflation at 2.2 percent in August and headline inflation at 2.3 percent. MAS and MTI kept the 2026 forecast for both at 1.5–2.5 percent. CNA reports the same core rate, up from 2.0 percent in July, and the same headline rate, up from 2.2 percent. CNA calls the core reading the highest since September 2024, with services, retail and food among the movers.
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The August readings
The Straits Times reports core inflation of 2.2 percent and headline inflation of 2.3 percent for August. CNA reports those same rates and says core inflation rose from 2.0 percent in July, while headline inflation rose from 2.2 percent. MAS and MTI, in The Straits Times account, kept the 2026 core and headline forecast at 1.5–2.5 percent. CNA reports that the forecast was left unchanged.[1], [2]
The July comparison
CNA is the account that states the climb from 2.0 percent core and 2.2 percent headline in July. It also says the 2.2 percent core reading is the highest since September 2024, with services, retail and food among the categories that moved. The Straits Times' 2.2 percent figure is the same August core rate.[2], [1]
What the forecast did not do
The inflation print rose inside the month. The official 2026 band did not. Both The Straits Times and CNA say MAS and MTI left the forecast at 1.5–2.5 percent for core and headline inflation. The news is the August rate, not a change in that band. The August print and the unchanged official band are the whole development. CNA supplies the comparison with July. The Straits Times supplies the forecast band.[1], [2]