Singapore’s annual inflation rate increased to 2.3% in August 2026 from 2.2% in July, the highest reading since July 2024. Price growth accelerated for food, transport, clothing and footwear, household durables and services, and miscellaneous goods and services. Housing and utilities and health inflation were unchanged, education deflation eased, and recreation, sport and culture inflation slowed. Consumer prices rose 0.6% month-on-month after declining 0.2% in July. Core inflation, which excludes accommodation and private transport costs, climbed to 2.2% from 2% in July, matching the median forecast in a Bloomberg survey and reaching its highest level since September 2024. The central bank had previously said inflation would pick up from July and remain elevated through the first half of next year.