Singapore’s core inflation rises to 2% in July as electricity prices surge
Singapore's core inflation rose to 2% in July, primarily driven by an 8.7% surge in electricity and gas tariffs. Authorities expect inflation to remain within a 1.5% to 2.5% range through 2026 despite global energy price volatility.
Why it matters
Rising utility costs impact household purchasing power and reflect broader global economic pressures on energy and food supply chains.
Singapore’s core inflation rose in July due to higher inflation for electricity and gas, services and food.
Listen Summarise Singapore's core inflation rose to 2% in July, driven mainly by an 8.7% increase in electricity and gas prices due to higher regulated tariffs. Food, service fees, and accommodation costs also increased, while private transport and retail inflation eased slightly. Authorities expect inflation to remain between 1.5% and 2.5% in 2026, with risks from global energy prices and geopolitical tensions affecting future costs. AI generated
SINGAPORE – Singapore’s core inflation rose in July, driven by a sharp rebound in utility prices alongside rising service fees and food prices.
Core inflation – which excludes private transport and accommodation to better reflect household expenses – came in at 2 per cent in July, up from 1.6 per cent in June, according to the Singapore Department of Statistics (SingStat) on Aug 24.
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