Consumer Price Developments in August 2026

Summary

• MAS Core Inflation increased to 2.2% year-on-year (y-o-y) in August, from 2.0% in July.

  • This was because of higher inflation for services, retail & other goods and food.

  • On a month-on-month (m-o-m) basis, core prices rose by 0.3% in August.

• CPI-All Items inflation edged up to 2.3% y-o-y in August, from 2.2% in July.

  • This was due to higher core inflation, which more than offset lower private transport inflation.

  • On a m-o-m basis, CPI-All Items increased by 0.6% in August.

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MINISTRY OF TRADE AND INDUSTRY
23 SEPTEMBER 2026