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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore CPI YoY held to 1.8% in April 2026
FMPMonthlyReleased May 2026
Singapore CPI YoY held to 1.8% in April 2026, released May 2026. The print came in cooler than the 2.0% consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of 1.5%.
Latest Release
1.8
Actual
2
Consensus
1.8
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 | −0.50 | FOREX | Bullish SGD | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI YoY (Singapore) was reported at 1.8% in May 2026. This missed the market consensus of 2% by 0.2%. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through May 2026. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
The next release is scheduled for June 23, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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CPI YoY - SG
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About CPI YoY — Singapore
DEFINITION
Singapore's CPI YoY for May came in at 1.4%, missing the 1.7% estimate and down from April's 1.8%. The inflation rate eased from April to May, indicating a moderation in price pressures. Market focus will remain on upcoming data for further signs of inflation trajectory and central bank policy adjustments. Updated 5/25/26
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 1.4 %, consensus 1.7 %. Prior reading (Mar 2026): 1.8 %. Before that (Feb 2026): 1.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.