Core inflation eases to 1% in January

Headline inflation was at 1.4% YoY.

Core inflation in Singapore eased to 1% in January 2026, according to SingStat’s report.

Headline inflation was 1.4% year-on-year (YoY), whilst the consumer price index (CPI) fell 0.5% from December.

Food prices rose 1.2% YoY, with higher prices for sugar, confectionery, desserts, and non-alcoholic beverages, whilst seafood prices fell compared with a year earlier.

Transport costs increased 2.4% YoY, driven by higher private transport and land transport services, but other transport services recorded month-on-month (MoM) declines.

Information and communication prices fell 1.9% YoY, reflecting lower costs for equipment and services.

Housing and utilities prices increased 1.7% from a year earlier but declined 1.4% from December, reflecting lower accommodation and utilities costs.

Recreation, sport, and culture prices dropped 3.6% month-on-month, led by a sharp fall in holiday expenses.

Health-related prices climbed 4.4% YoY, with health insurance premiums up 16.4% from a year earlier, contributing to the category’s rise.

Prices for household durables and services declined 0.2% YoY, whilst education prices fell 0.6%.

Clothing and footwear prices decreased 0.4% from a year earlier but rose 2.1% MoM. Miscellaneous goods and services prices increased 0.3% year on year.

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