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Consumer Price Index

Latest Highlights January 2026

In January 2026, the overall Consumer Price Index (CPI) has decreased by 0.2 per cent year-on-year, from 105.9 in January 2025 to 105.7. The Food and Non-Alcoholic Beverages index registered an increase of 0.2 per cent, while the Non-Food index decreased by 0.3 per cent. Meanwhile, the Goods index increased by 0.1 per cent, while the Services index recorded a decrease of 0.6 per cent.

Compared to December 2025, the CPI has decreased by 0.7 per cent on a month-on-month basis. The Food and Non-Alcoholic Beverages index increased by 0.1 per cent, while the Non-Food index decreased by 0.9 per cent.

More details … REPORT MEDIA RELEASE EXCEL TABLE SNAPSHOT

Monthly Summary Data

Month	Year	Index	Year-on-Year	Month-on-Month	Year-to-Date
January	2026		-0.2	-0.7	-0.2
January	2025	105.9	-0.4	-1.2	-0.4
February	2025	106.2	0.0	0.3	-0.2
March	2025	105.8	-0.5	-0.5	-0.3
April	2025	106.1	-0.1	0.3	-0.3
May	2025	106.0	-0.5	-0.1	-0.3
June	2025	106.0	-0.6	0.0	-0.4
July	2025	106.1	-0.2	0.1	-0.3
August	2025	105.8	-0.7	-0.2	-0.4
September	2025	106.3	0.0	0.4	-0.3
October	2025	106.0	0.1	-0.2	-0.3
November	2025	106.2	-0.1	0.1	-0.3
December and Annual	2025	106.5	-0.7	0.3	-0.3
January	2024	106.4	0.1	-1.3	-
February	2024	106.2	-0.5	-0.1	-0.2
March	2024	106.3	-0.5	0.1	-0.3
April	2024	106.2	-0.2	-0.1	-0.3
May	2024	106.5	-0.2	0.3	-0.3
June	2024	106.6	-0.3	0.1	-0.3
July	2024	106.3	-0.4	-0.3	-0.3
August	2024	106.5	-0.5	0.3	-0.3
September	2024	106.2	-0.4	-0.3	-0.3
October	2024	106.0	-0.8	-0.3	-0.4
November	2024	106.3	-0.5	0.3	-0.4
December	2024	107.7	-0.5	0.9	-0.4
January	2023	106.3	1.4	-0.7	-
February	2023	106.8	1.2	0.5	1.3
March	2023	106.9	0.4	0.1	1.0
April	2023	106.4	0.2	-0.5	0.8
May	2023	106.7	0.8	0.3	0.8
June	2023	106.9	0.2	0.2	0.7
July	2023	106.7	0.1	-0.2	0.6
August	2023	107.1	-0.1	0.4	0.5
September	2023	106.7	-0.7	-0.3	0.4
October	2023	106.8	0.1	0.1	0.3
November	2023	106.8	0.2	0.0	0.3
December	2023	107.7	0.7	0.8	0.4
January	2022	104.7	2.8	1.1	-
February	2022	105.6	3.2	0.8	3.0
March	2022	106.5	3.8	0.9	3.3
April	2022	106.2	3.9	-0.3	3.4
May	2022	105.9	3.8	-0.3	3.5
June	2022	106.7	3.9	0.8	3.6
July	2022	106.6	4.1	-0.1	3.6
August	2022	107.2	4.5	0.6	3.8
September	2022	107.4	4.3	0.2	3.8
October	2022	106.7	3.5	-0.6	3,8
November	2022	106.6	3.1	-0.1	3.7
December	2022	107.0	3.3	0.4	3.7
January	2021	101.9	1.9	0.5	-
February	2021	102.3	1.8	0.5	1.8
March	2021	102.6	1.8	0.3	1.8
April	2021	102.2	1.1	-0.5	1.6
May	2021	102.0	1.1	-0.1	1.5
Jun	2021	102.6	1.7	0.6	1.6
July	2021	102.4	1.5	-0.2	1.5
August	2021	102.6	1.9	0.2	1.6
September	2021	103.0	2.2	0.4	1.7
October	2021	103.1	1.8	0.1	1.7
November	2021	103.4	1.9	0.3	1.7
December	2021	103.6	2.2	0.2	1.7
January	2020	100.0	1.1	0.6	-
February	2020	100.5	1.4	0.5	1.3
March	2020	100.8	1.6	0.3	1.4
April	2020	101.1	1.9	1.2	1.5
May	2020	100.9	2.5	-0.2	1.7
June	2020	101.0	2.6	0.0	1.9
July	2020	100.9	2.0	-0.1	1.9
August	2020	100.7	2.1	-0.2	1.9
September	2020	100.8	1.5	0.1	1.9
October	2020	101.3	2.1	0.5	1.9
November	2020	101.5	2.3	0.2	1.9
December and Annual	2020	101.4	2.0	-0.1	1.9
January	2019	98.9	-0.1	-0.3	-
February	2019	99.1	-0.2	0.2	-0.1
March	2019	99.6	-0.1	0.5	-0.1
April	2019	99.0	-0.1	-0.6	-0.1
May	2019	98.7	-0.6	-0.3	-0.2
June	2019	98.4	-0.7	0.0	-0.5
July	2019	98.9	-0.5	0.5	-0.5
August	2019	98.6	-0.8	0.3	-0.5
September	2019	99.3	-0.4	0.7	-0.5
October	2019	99.1	-0.3	-0.1	-0.5
Nov	2019	99.1	-0.1	0.1	-0.5
January	2018	98.9	-0.1	0.2	-
February	2018	99.2	0.3	0.0	0.1
March	2018	99.6	0.4	0.4	0.2
April	2018	99.1	-0.6	0.4	0.2
May	2018	99.2	0.2	0.1	0.2
June	2018	98.8	0.2	-0.4	0.2
July	2018	99.3	-0.1	0.5	0.1
August	2018	99.5	0.3	0.1	0.2
September	2018	99.8	0.4	0.3	0.2
October	2018	99.4	0.0	-0.4	0.2
November	2018	99.3	0.2	-0.1	0.2
December	2018	99.1	0.1	-0.2	0.1
Annual	2018	0.0	0.0	0.0	0.1
January	2017	98.7	-0.3	-0.2	-
February	2017	99.2	0.5	-0.2	-0.2
March	2017	99.3	0.0	-0.9	-0.4
April	2017	98.7	-0.6	-0.6	-0.5
May	2017	99.3	0.7	-0.3	-0.4
June	2017	98.6	-0.7	-0.3	-0.4
July	2016	-10.0	1.0	10.0	898