Singapore Inflation June 2021

Singapore

Singapore: Inflation holds stable in June

July 23, 2021

Consumer prices dropped 0.01% in June over the previous month, swinging from the 0.80% rise seen in May.

Inflation on an annual basis remained at 2.4% in June, unchanged from May’s reading which has marked the highest rate since November 2013. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.7% in June (May: 0.4%), while core inflation edged down to 0.6% in June, from the previous month’s 0.8%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2021, which is up 0.2 percentage points from the previous month’s forecast. In 2022, our panel expects average inflation of 1.3%.


Author:, Economist

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Singapore Inflation Chart


Singapore Inflation June 2021

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


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