Singapore’s annual inflation rate rose to 2.2% in July 2026 from 1.9% in the previous month. It marked the highest reading since August 2024, as prices increased at a faster pace for food (2.2% vs 2.1% in June), housing and utilities (1.3% vs 0.3%), transport (7.9% vs 7.5%), and health (3.3% vs 3.1%). In addition, prices rebounded notably for clothing and footwear (1.5% vs -0.1%). Meanwhile, inflation eased for household durables and services (1% vs 1.4%) and miscellaneous goods and services (1.9% vs 2%), while deflation deepened for information and communication (-4% vs -2.7%) and education (-0.9% vs -0.8%). On a monthly basis, consumer prices fell 0.2% after stalling in June. Core inflation, which excludes accommodation and private transport costs, rose to 2% from 1.6%. The MAS raised its 2026 core inflation forecast to 1.5%-2.5% from 1%-2%, citing risks that persistent price pressures could weigh on household spending and demand.