Inflation in Singapore

Singapore Inflation | Economic News & Forecasts

Singapore - Inflation

Consumer prices broadly unchanged in September

Consumer prices rose 0.33% over the previous month in September, slowing from the 0.63% increase recorded in August. The lower reading was primarily driven by milder housing price pressures in the month.

Consumer prices were broadly unchanged on an annual basis in September, following August’s 0.4% decrease. September's result represented the end of a five-month run of falling year-on-year consumer prices. The annual average variation of consumer prices was also flat in September, matching August's reading. Lastly, core consumer prices fell 0.1% on an annual basis in September, which was a smaller drop than August's 0.3% decrease.

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 1.1% in 2021, which is up 0.1 percentage points from the previous month’s forecast. In 2022, our panel expects inflation of 1.4%.

Singapore - Inflation Data

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

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Singapore Inflation 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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