Inflation in Singapore

Singapore Inflation | Economic News & Forecasts

Singapore - Inflation

Inflation stable in September

Inflation came in at 7.5% in September, matching August’s figure, which had marked the highest inflation rate since June 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%).

Meanwhile, consumer prices rose 0.66% in September over the previous month, following the 0.57% increase logged in August.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.4% in 2023, which is up 0.6 percentage points from the previous month’s forecast. In 2024, our panel expects average inflation of 2.1%.

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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