Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
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 |
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.
Latest Global Inflation News
-
Thailand: Inflation drops to lowest level since April in August -
Korea: Inflation falls to lowest level since March 2021 in August Inflation fell to 2.0% in August, following July’s 2.6%. August’s reading represented the weakest inflation rate since March 2021, and... -
Indonesia: Inflation stabilizes in August Inflation remained at 2.1% in August, unchanged from July’s figure. August’s result marked the joint-lowest inflation rate since February 2022.... -
Peru: Inflation drops to lowest level since May in August Inflation inched down to 2.0% in August, following July’s 2.1%. August’s figure marked the weakest inflation rate since May, and... -
Kazakhstan: Inflation drops in August Inflation ticked down to 8.4% in August from July’s 8.5%, though remaining entrenched above the Central Bank’s 5.0% medium-term target.... -
Poland: Inflation ticks up in August Inflation rose to 4.3% in August from 4.2% in July, remaining above the upper limit of the Central Bank’s inflation... -
Kenya: Inflation increases in August Inflation ticked up to 4.4% in August from July’s 4.3%. Looking at the details of the release, faster price pressures...