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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Core Inflation Rate YoY fell to 1.4% in April 2026
FMPMonthlyReleased May 2026
Singapore Core Inflation Rate YoY fell to 1.4% in April 2026, released May 2026, down 0.3% from March's 1.7% reading. The print came in cooler than the 1.7% consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of 0.84%. Over the past 3 months, Core Inflation Rate YoY averaged 1.55%, vs 1.1% in the prior 3-month window. The reading is in the 57th percentile of the trailing 24-month range.
Latest Release
1.4
Actual
1.7
Consensus
1.7
Previous
Median Absolute Error
±0.22 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.95
Actual: 1.4
Error: +0.55
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.47 | FOREX | Bearish USD | → View |
| BTC/USD | ▲ Direct | +0.46 | CRYPTO | Bullish BTC | → View |
| XAU/USD | ▼ Inverse | −0.32 | COMMODITIES | Bearish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Core Inflation Rate YoY (Singapore) was reported at 1.4% in May 2026. This missed the market consensus of 1.7% by 0.3%. The reading fell from the previous value of 1.7%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.86%, ranging from 0.3% to 1.4% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 1.27%, up from the prior three at 0.93%. Volatility over the past year (σ 0.4%) is lower than the prior year (σ 0.94%). In May readings over the past 3 years, Core Inflation Rate YoY has averaged 1.73%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bearish USD). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.23%.
WHAT TO WATCH NEXT
The next release is scheduled for June 23, 2026. Same-country events in the next 14 days include CPI YoY (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Core Inflation Rate YoY - SG
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About Core Inflation Rate YoY — Singapore
DEFINITION
The Core Inflation Rate YoY is a key financial indicator that measures the change in prices of goods and services over a 12-month period, excluding volatile items such as food and energy. It provides a more accurate and stable representation of overall inflation trends, allowing businesses and policymakers to make informed decisions about economic policies and investments. This indicator is widely used by financial analysts and investors to assess the health of an economy and predict future inflation levels.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 1.4 %, consensus 1.7 %. Prior reading (Mar 2026): 1.7 %. Before that (Feb 2026): 1.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/SGD (Bearish USD, r=-0.47) — a useful reference for forex-focused traders.