1. Press releases
Consumer Price DeveIopments in May 2026
23 June 2026
Summary
MAS Core Inflation came in at 1.4% year-on-year (y-o-y) in May, broadly unchanged from that in April.
Higher food and retail & other goods inflation was mostly offset by lower services inflation.
On a month-on-month (m-o-m) basis, core prices were unchanged in May.
CPI-All Items inflation was 1.8% y-o-y in May, similar as that in April.
This was because the pickup in private transport and accommodation inflation, alongside higher food and retail & other goods inflation, was largely offset by lower services inflation.
On a m-o-m basis, CPI-All Items increased by 0.7% in May.
Download the full press release here. [PDF, 399.76 KB]
MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 JUNE 2026