Singapore skyline

Singapore Inflation May 2023

Singapore: Inflation falls to lowest level since February 2022 in May

Inflation came in at 5.1% in May, which was down from April’s 5.7%. May’s reading marked the weakest inflation rate since February 2022. The reading was driven by slower price pressures for transport, food and housing. These three categories also represent the biggest components of Singapore’s CPI basket.

The trend was unchanged, with annual average inflation coming in at April’s 6.5% in May. Meanwhile, core inflation fell to 4.7% in May from the previous month’s 5.0%.

Finally, consumer prices increased 0.32% in May over the previous month, accelerating from the 0.08% increase recorded in April.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest