Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Singapore
Consumer price inflation averaged 1.2% in the ten years to 2022 in Singapore, below the Asia-Pacific regional average of 2.1%. The 2022 average figure was +6.1%. For more information on inflation, visit our dedicated page
Singapore Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Singapore from 2014 to 2023.
Source: Macrobond.
Singapore Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.6 | -0.2 | 2.3 | 6.1 | 4.8 |
| Inflation (CPI, ann. var. %, eop) | 0.8 | 0.0 | 4.0 | 6.5 | 3.7 |
| Inflation (Core, ann. var. %, eop) | 0.6 | -0.3 | 2.1 | 5.1 | 3.3 |
| Inflation (DSPI, ann. var. %, aop) | -3.3 | -8.7 | 15.2 | 18.6 | -6.7 |
Inflation increases in May
Inflation rose to 3.1% in May, up from April’s 2.7%. The increase was largely due to stronger price pressures for food and transport. The trend pointed down mildly, with annual average inflation coming in at 3.6% in May (April: 3.8%). Meanwhile, core inflation was stable, coming in at April's 3.1% in May. Finally, consumer prices increased 0.70% from the previous month in May, picking up from April's 0.09% increase.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Singapore inflation projections for the next ten years from a panel of 30 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Singapore inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Singapore inflation projections.
Want to get access to the full dataset of Singapore inflation forecasts? Send an email to info@focus-economics.com.
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