Singapore’s annual inflation rate edged lower to 1.2% in February 2026, from a thirteen-month high of 1.4% in the previous month. The main downward pressure came from housing and utilities (0.3% vs 1.7% in January), driven largely by softer prices in utilities and other fuels. On the other hand, food inflation picked up (1.6% vs 1.2%), particularly in cereal products, meat, and fruits and nuts. Transport costs also accelerated (2.7% vs 2.4%), led by private transport and land transport services. In addition, prices recovered for clothing (0.9% vs -0.4%) and information and communication (1.4% vs -1.9%), while inflation rose further in recreation, sport and culture (1.9% vs 0.6%). On a monthly basis, consumer prices increased 0.6%, rebounding from a 0.5% decline in January. Meanwhile, the core inflation rate rose to 1.4% from 1%, marking its highest level since December 2024.