Singapore Inflation September 2021

Singapore

Singapore: Inflation inches up in September

October 25, 2021

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%.


Author:, Economist

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Singapore Inflation Chart


Singapore Inflation September 2021 0

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


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