Consumer Price Developments in February 2026

Summary

• MAS Core Inflation rose to 1.4% year-on-year (y-o-y) in February, from 1.0% in January.

  • This was largely because of higher inflation in services, food, and retail & other goods, partly reflecting seasonal effects associated with the Chinese February. New Year.

  • On a month-on-month (m-o-m) basis, core prices increased by 0.5% in

• CPI-All Items inflation fell to 1.2% y-o-y in February, from 1.4% in January.

  • This was due to lower accommodation and private transport inflation that more than offset higher core inflation.

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

Download the full press release here [PDF, 307KB]

MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 MARCH 2026