FX.co ★ Singapore CPI Turns Negative in April, Signalling Fresh Disinflation Pressures

Singapore’s consumer price dynamics reversed course in April 2026, with month‑on‑month CPI slipping into negative territory after a modest increase in the prior month, according to data updated on 25 May 2026.

The CPI fell 0.30% in April on a month‑over‑month basis, compared with a 0.50% rise in March 2026. The figures show a clear cooling in price momentum, as the “Actual” April reading reflects a decline from the month before, while the “Previous” figure captures March’s increase relative to February.

The move from a 0.50% gain to a 0.30% decline underscores a sharp shift in short‑term inflation dynamics. Market participants and policymakers will be closely watching subsequent releases to determine whether April’s negative print marks a temporary correction or the start of a more sustained disinflation trend in Singapore’s economy.