Inflation in Singapore

Singapore Inflation | Economic News & Forecasts

Singapore - Inflation

Inflation inches up in September

Consumer prices rose 0.42% in September over the previous month, moderating from August's 0.55% rise. September’s lower reading was mainly driven by a much softer rise in housing and utility costs compared with the previous month.

Inflation came in at 2.5% in September, up from August’s 2.4%. Annual average inflation rose to 1.4% in September (August: 1.1%). Lastly, core inflation ticked up to 2.7% in September, from the previous month's 2.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2022, which is unchanged from the previous month’s forecast. In 2023, our panel expects average inflation of 1.4%.

Singapore - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.5  -0.5  0.6  0.4  0.6  

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Singapore Inflation Chart

Singapore Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Singapore Department of Statistics and FocusEconomics calculations.

Singapore Facts

Value Change Date
Bond Yield1.741.39 %Dec 31
Exchange Rate1.34-0.01 %Jan 01

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