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 2030, Singapore’s inflation is expected to level off at around 1.97 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.

Core consumer prices in Singapore increased 0.70 percent in April 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.

In March 2025, core inflation in Singapore was at 0.5 percent, down from 0.6 percent in the previous month. 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.

The Consumer Price Index in Singapore decreased 0.30 percent in April of 2025 over the previous month. This dataset provides - Singapore Inflation Rate Mom - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Singapore was 1.38 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 1.71 percent. Compared to a year ago, we see a decrease from the...

In 2024, the average meal prices of fast food restaurants in Singapore increased by 4.6 percent compared to the previous year. In comparison, meal prices at the same establishments rose by 0.3 percent in 2018.

Inflation, GDP deflator (annual %) in Singapore was reported at --3.069 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

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.

In 2024, the menu prices from restaurants, cafes, and pubs in Singapore rose by 3.8 percent compared to the previous year. This was the lowest inflation rate increase in the last three years.

Inflation, monthly percent change in the CPI in Singapore, April, 2025 The most recent value is -0.3 percent as of April 2025, a decline compared to the previous value of -0.1 percent. Historically, the average for Singapore from February 1961 to April 2025 is 0.21 percent. The minimum of -1.91 percent was recorded in March 1975, while the maximum of 4.76 percent was reached in July 1973. | TheGlobalEconomy.com

Singapore: Inflation forecast: The latest value from 2030 is 1.97 percent, unchanged from 1.97 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Singapore from 1980 to 2030 is 1.98 percent. The minimum value, -1.43 percent, was reached in 1998 while the maximum of 10.35 percent was recorded in 1981.

Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from 31 percent inflation in Laos to 0.37 percent inflation in Brunei Darussalam. While countries like Vietnam are likely benefitting from more stable inflation than earlier seen, only a few countries are in the 2 to 6 percent range that many economists view as optimal for emerging economies. Effects of high inflation High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. This in turn leads to slower growth in the gross domestic product (GDP). It also leads to a weaker currency. For countries with a positive trade balance this can be beneficial, because exports are relatively cheaper to foreign buyers. Through the same mechanism, net importers suffer from a weaker currency. Additionally, inflation makes a country’s national debt less expensive if the debt is denominated in the local currency. However, most of this debt is in U.S. dollars, so inflation makes the debt more difficult to service and repay. Risks of deflation With deflation, consumers and firms delay investments because they expect prices to be lower in the future. This slows consumption and investment, two major components of GDP growth. The most common example of this is Japan, where the GDP growth rate has been low for a long time due, in large part, to deflation. For this reason, countries like Brunei would rather see low and stable inflation than slight deflation.

The transportation sub-index of the CPI basket in Singapore decreased to 101.22 points in March of 2025 from 101.46 points in February of 2025. This dataset provides - Singapore Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Singapore Consumer Price Index (CPI): Transport: Private: Cars data was reported at 160.033 2019=100 in Dec 2024. This records an increase from the previous number of 159.933 2019=100 for Nov 2024. Singapore Consumer Price Index (CPI): Transport: Private: Cars data is updated monthly, averaging 108.320 2019=100 from Jan 2014 (Median) to Dec 2024, with 132 observations. The data reached an all-time high of 172.069 2019=100 in Oct 2023 and a record low of 95.923 2019=100 in Jan 2019. Singapore Consumer Price Index (CPI): Transport: Private: Cars 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.

Graph and download economic data for Consumer Price Index for Singapore (DDOE01SGA086NWDB) from 1960 to 2017 about Singapore, CPI, price index, indexes, and price.

In 2024, the consumer price index (CPI) for all consumer items in Singapore was set as the base year.The CPI for all consumer items before 2024 were lower than the base year for the last ten years. The consumer price index measures the average change of prices of consumer goods and services, and is used as an indicator of inflation.

Key information about Singapore Core CPI Change

• Singapore Core CPI Change was reported at 0.800 % in Jan 2025.
• This records a decrease from the previous number of 1.700 % for Dec 2024.
• Singapore Core CPI Change data is updated monthly, averaging 1.700 % from Jan 1991 to Jan 2025, with 409 observations.
• The data reached an all-time high of 6.600 % in Jun 2008 and a record low of -1.400 % in Dec 2009.
• Singapore Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

In 2024, the consumer price index (CPI) for food in Singapore was set as the base year. The CPI has been steadily increasing for the last ten years. The CPI is a measure of the average change over time in the prices paid by consumers for consumer goods.

Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Singapore Dollar data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Singapore Dollar data is updated weekly, averaging 0.000 % from Oct 2020 (Median) to 12 May 2025, with 239 observations. The data reached an all-time high of 55.921 % in 17 Mar 2025 and a record low of 0.000 % in 12 May 2025. Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Singapore Dollar data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Malaysia – Table MY.CEIC.NC: CEIC Nowcast: Inflation: Core.