Singapore September 2026 consumer prices: inflation eases to about 2.2%
Singapore's consumer price index (CPI), which tracks prices households pay, was about 2.2% higher in September 2026 than a year earlier, down from 2.3% in August. Petrol was still about 18% higher.
A data update from FactIQ, written from Singapore Department of Statistics figures. What is FactIQ?
Key figures
- Singapore consumer price index, all items, September 2026
- 103.551up 0.2% on the month; about 2.2% higher than a year earlier, down from 2.3% in August2022-10-012026-09-01Consumer Price Index (CPI), 2024 As Base Year, Monthly - All Items
- Singapore petrol price index, September 2026
- 115.1up 2.5% on the month; about 18% higher than a year earlier2022-10-012026-09-01Consumer Price Index (CPI), 2024 As Base Year, Monthly - Petrol
- Electricity prices, change from a year earlier, September 2026
- about 9%flat on the month, after a roughly 11% jump in July
- Steel reinforcing bar price, Singapore, September 2026
- S$672/tdown from a June peak of S$7082022-10-012026-09-01Construction Material Market Prices, Monthly - Steel Reinforcement Bars (16-32mm High Tensile)
Prices rose more slowly in September than in August
The consumer price index (CPI) measures the prices households pay for goods and services. It is the main gauge of inflation. The all-items index rose 0.2% on the month to 103.551 in September. The seasonally adjusted index also rose 0.2%, to 103.38. The September rise followed a 0.6% monthly jump in August. A year earlier, in September 2025, the index stood at 101.32. The softer reading, with no new price pressure, fits last week's surprise decision by MAS to hold policy and lower its inflation forecast.Energy is still the largest source of price pressure
- Petrol rose 2.5% on the month to an index level of 115.1. That is about 18% higher than a year earlier. The petrol index rose from 97.3 in February to 118.0 in April.
- Private transport was about 7.1% higher than a year earlier.
- Electricity has been about 9% higher than a year earlier since a roughly 11% jump in July, when its index went from 93.1 to 103.3. It was flat in September.
Most other everyday costs are rising more slowly
Food prices were up about 2.4% from a year earlier. Eating out was up about 2.0%. Accommodation was up only about 0.9%. Prices excluding accommodation rose faster, at about 2.7%. Airfares fell 1.1% on the month but were about 12% higher than a year earlier.Other releases: building materials, tourism and liquidations
- Steel reinforcing bars fell to S$672 per tonne in September, down from a June peak of S$708.
- Bulk cement eased to S$121.0 per tonne. It was still about 18% higher than a year earlier.
- Tourism receipts were S$15.7bn in the first half of 2026, flat on a year earlier. That puts the second quarter alone at about S$7.2bn, down roughly 6% from a year earlier. First-quarter receipts were revised down from S$8,555m to S$8,511m.
- Applications for compulsory liquidation of companies rose to 36 in September, up from 19 in August.
Source: Singapore Department of Statistics. See all SINGSTAT data in FactIQ.
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