Singapore’s Domestic Supply Price Index fell by 2.9% year-on-year in February 2026, easing from an upwardly revised 6.1% decline in the previous month. This marked the third consecutive month of decline, albeit at a slower pace, as deflation moderated for food and live animals (-1.8% vs -2.2%), mineral fuels (-11% vs -16.6%), and chemical and chemical products (-8.8% vs -9.5%). At the same time, costs increased for crude materials (11.4% vs 4.3%), while prices recovered for animal and vegetable oils, fats, and waxes (1% vs -1.7%). In contrast, price growth eased for beverages and tobacco (3% vs 3.9%) and miscellaneous manufactured articles (11.1% vs 14.8%). On a monthly basis, the Domestic Supply Price Index rose by 3.1% in February, recovering from a 0.1% drop in the preceding period.