Inflation in Singapore

Singapore Inflation | Economic News & Forecasts

Singapore - Inflation

Inflation eases in August

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%.

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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