Inflation in Singapore

Singapore Inflation (eop) | Economic News & Forecasts

Singapore - Inflation (end of period)

Inflation remains steady in November

Inflation held steady at October's 6.7% in November, the joint-lowest inflation rate since June. Rising food price pressures were offset by lower housing and transport inflation.

The trend pointed up mildly, with annual average inflation coming in at 5.9% in November (October: 5.7%). Meanwhile, core inflation was stable, coming in at October's 5.1% in November.

Finally, consumer prices rose 0.97% in November over the previous month, swinging from the 0.40% fall logged in October. November's figure marked the highest reading since June.

FocusEconomics panelists forecast inflation to average 4.3% in 2023, which is up 0.3 percentage points from last month’s estimate, and 2.4% in 2024.

Singapore - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)-0.6  0.2  0.4  0.5  0.8  

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Singapore Inflation (eop) 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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