Singapore’s annual inflation rate edged up to 2.3% in August 2026 from 2.2% in the previous month. It marked the highest reading since July 2024, as prices accelerated for food (2.3% vs 2.2% in July), transport (8.1% vs 7.9%), clothing and footwear (3.1% vs 1.5%), household durables and services (1.2% vs 1%), and miscellaneous goods and services (2.6% vs 1.9%). Moreover, prices were stable for housing and utilities (1.3%) and health (3.3%), while deflation in education slightly eased (-0.7% vs -0.9%). In contrast, inflation ticked down for recreation, sport and culture (1% vs 1.1%). On a monthly basis, consumer prices rebounded 0.6% from a 0.2% decline in July, marking its highest level since February. Core inflation, which excludes accommodation and private transport costs, rose to 2.2% in August from 2% in July, its highest since September 2024. The central bank had earlier said inflation was expected to pick up from July and remain elevated through the first half of next year.