In December 2024, core inflation in Singapore was at 1.8 percent, down from 1.9 percent in November 2024. The core inflation rate in Singapore has been declining since a high of 5.5 percent in February 2023. The core inflation measures by the Monetary Authority of Singapore excludes accommodation and transport.

Inflation Rate in Singapore decreased to 0.90 percent in February from 1.20 percent in January of 2025. This dataset provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2019, the average inflation rate in Singapore amounted to about 0.57 percent compared to the previous year, and it seemed to recover from sliding into the red throughout 2015 and 2016. For 2029, Singapore’s inflation is expected to level off at around 1.96 percent. Singapore’s economy in shortSingapore is a prospering, highly developed economy, relying heavily on its role as an intermediary port for transport and storage of goods and merchandise. The lion’s share of its GDP is generated by the services sector, mainly by financial services, oil-refining, and manufacturing. Tourism is also an important contributor. It is one of the leading economies in Asia with one of the highest GDPs in the ASEAN region. The great slump of 2015 to 2016As dramatic as it looks, there was no definite reason for Singapore’s inflation rate to drop below zero in 2015 and 2016. A slump in economic growth and oil prices, as well as a low consumer price index were most likely responsible for inflation taking a hit in those years. Singapore has since recovered and continues its success story as one of the leading economies in the East.

In 2024, food prices at hawker centers rose by 4.4 percent compared to the previous year. Hawker centers in Singapore face the challenge of offering food at budget-friendly prices in the face of rising operating costs such as higher rents and food prices.

Core consumer prices in Singapore increased 0.60 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Singapore Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Singapore inflation rate for 2023 was 4.82%, a 1.3% decline from 2022.

• Singapore inflation rate for 2022 was 6.12%, a 3.82% increase from 2021.
• Singapore inflation rate for 2021 was 2.30%, a 2.49% increase from 2020.
• Singapore inflation rate for 2020 was -0.18%, a 0.75% decline from 2019.

In 2024, item prices from food courts, coffee shops, and kiosks in Singapore increased by 3.1 percent compared to the previous year. In comparison, item prices at these establishments rose by 1.2 percent in 2020.

Cost of food in Singapore increased 1 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Singapore Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation Rate in Malaysia decreased to 1.50 percent in February from 1.70 percent in January of 2025. This dataset provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore Consumer Price Index (CPI): FFSS: Bread & Cereals: Flour data was reported at 109.174 2019=100 in Dec 2024. This records an increase from the previous number of 108.920 2019=100 for Nov 2024. Singapore Consumer Price Index (CPI): FFSS: Bread & Cereals: Flour data is updated monthly, averaging 100.851 2019=100 from Jan 2014 (Median) to Dec 2024, with 132 observations. The data reached an all-time high of 114.825 2019=100 in May 2023 and a record low of 93.589 2019=100 in Nov 2020. Singapore Consumer Price Index (CPI): FFSS: Bread & Cereals: Flour data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I006: Consumer Price Index: 2019=100.

According to a survey conducted by Rakuten Insight on effects of inflation in March 2023, 62 percent of female respondents in Singapore stated that they need be cautious of their expenses due to inflation. By comparison, five percent of male respondents expressed their inability to cope with inflation.

Singapore Consumer Price Index (CPI): Transport: Other Travel & Transport: Air Fares data was reported at 112.672 2019=100 in Dec 2024. This records an increase from the previous number of 105.618 2019=100 for Nov 2024. Singapore Consumer Price Index (CPI): Transport: Other Travel & Transport: Air Fares data is updated monthly, averaging 100.219 2019=100 from Jan 2014 (Median) to Dec 2024, with 132 observations. The data reached an all-time high of 118.862 2019=100 in Dec 2021 and a record low of 95.231 2019=100 in Apr 2020. Singapore Consumer Price Index (CPI): Transport: Other Travel & Transport: Air Fares data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I006: Consumer Price Index: 2019=100.

Key information about Singapore Consumer Price Index CPI growth

• Singapore Consumer Price Index (CPI) growth was measured at 5.7 % YoY in Apr 2023, compared with a rate of 5.5 % in the previous month.
• Singapore Consumer Price Index growth data is updated monthly, available from Jan 1962 to Apr 2023, with an averaged number of 1.5 % YoY.
• The data reached an all-time high of 34.3 % YoY in Mar 1974 and a record low of -3.2 % YoY in Sep 1976.

The Gross Domestic Product (GDP) in Singapore expanded 0.50 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Singapore GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in Singapore increased to 100.68 points in February from 99.91 points in January of 2025. This dataset provides the latest reported value for - Singapore Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Singapore expanded 5 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In a survey conducted by Rakuten Insight in March 2023, 60 percent of respondents in Singapore stated that they needed to be cautious of their expenses due to inflation. In comparison, six percent of respondents reported that they were not impacted by inflation at all.

According to a survey of businesses in Singapore, three out of six indicators showed quarter-on-quarter decreases, with only net profits seeing an increase to 2.99 percentage points from zero percentage points in the previous quarter. Overall, business sentiments have been decreasing in the last two quarters due to rising inflation and a volatile global market.

Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Bank of Indonesia: Spot: Singapore Dollar data was reported at 0.000 % in 10 Mar 2025. This stayed constant from the previous number of 0.000 % for 03 Mar 2025. Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Bank of Indonesia: Spot: Singapore Dollar data is updated weekly, averaging 0.000 % from Jun 2020 (Median) to 10 Mar 2025, with 250 observations. The data reached an all-time high of 42.671 % in 23 May 2022 and a record low of 0.000 % in 10 Mar 2025. Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Bank of Indonesia: Spot: Singapore Dollar data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Indonesia – Table ID.CEIC.NC: CEIC Nowcast: Inflation: Headline.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.