Singapore, April 23 -- Inflation in Singapore picked up in March 2026, driven mainly by rising fuel and retail prices amid geopolitical tensions.

According to a joint statement released on April 23 by the Monetary Authority of Singapore and the Ministry of Trade and Industry Singapore, overall inflation rose to 1.8% year-on-year, up from 1.2% in February.

Core inflation, which excludes accommodation and private transport to better reflect household expenses, edged up to 1.7% from 1.4%. The increase was largely driven by private transport costs, where inflation surged from 2.4% to 6.6% as fuel prices climbed amid tensions involving Iran, pushing global energy prices higher.

Retail and other goods inflation also accelerated to 1.8% from ...