Singapore Inflation August 2021

Singapore

Singapore: Inflation eases in August

September 23, 2021

Consumer prices rose 0.55% in August over the previous month, swinging from the 0.19% drop seen in July. August’s reading was mainly driven by rebounding price pressures for housing, while food prices also rose at a faster rate than the month prior.

Inflation fell to 2.4% in August, easing slightly from July’s 2.5%. Annual average inflation ticked up to 1.1% in August (July: 0.9%). Lastly, core inflation edged down to 2.6% in August, from the previous month's 2.8%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.7% in 2021, which is up 0.1 percentage points from the previous month’s forecast. In 2022, our panel expects average inflation of 1.4%.


Author:, Economist

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Singapore Inflation Chart


Singapore Inflation August 2021

Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Singapore (Singstat).


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