Singapore’s core inflation eases to 2% in September on lower services, retail prices
Singapore's core inflation eased to 2% year-on-year in September, down from 2.2% in August, primarily due to lower services and retail prices. Overall inflation also fell to 2.2% from 2.3% in August. The Monetary Authority of Singapore (MAS) and Ministry of Energy, Trade and Industry (METI) warned that a sharp surge in global energy or food prices could still significantly lift import costs.
Why it matters
This data indicates a potential easing of cost-of-living pressures for Singaporean consumers and businesses, providing key economic indicators for policymakers and investors. However, it also highlights the country's vulnerability to global commodity price fluctuations, which could impact future economic stability.
A “sharp and sustained surge” in global energy or food prices could lift Singapore’s import costs by more than projected, say MAS and METI.
Pedestrians crossing a street in the Orchard Road shopping district in Singapore. (File photo: AFP/Roslan Rahman)
Chelsea Ong 23 Oct 2026 01:01PM (Updated: 23 Oct 2026 11:05PM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST SINGAPORE: Singapore’s core inflation eased to 2 per cent year-on-year in September, down from 2.2 per cent in August, according to official figures released on Friday (Oct 23).
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