Singapore’s annual inflation rate edged down to 2.2% in September 2026 from market expectations and August’s more than two-year low of 2.3%. Price growth notably moderated for transport (7.4% vs 8.1% in August), clothing and footwear (2.1% vs 3.1%), and household durables and services (0.2% vs 1.2%). In contrast, inflation slightly picked up for food (2.4% vs 2.3%) and housing and utilities (1.4% vs 1.3%). On a monthly basis, consumer prices rose 0.2%, slowing from 0.6% in August. Singapore’s core inflation eased to 2% in September from 2.2% in August, undershooting market expectations of 2.3% as the import-reliant economy weathered renewed global oil price pressures. The slowdown supported the Monetary Authority of Singapore’s recent decision to keep monetary policy unchanged. The central bank also lowered its core inflation forecast for this year to 1.5%-2%, from a previous projection of up to 2.5%, while maintaining its outlook for headline inflation at around 2%.