Inflation Rate in Singapore remained unchanged at 0.80 percent in June. 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 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 0.60 percent in June 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 0.10 percent in June of 2025 over the previous month. This dataset provides - Singapore Inflation Rate Mom - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Graph and download economic data for Inflation, consumer prices for Singapore (FPCPITOTLZGSGP) from 1961 to 2024 about Singapore, consumer, CPI, inflation, price index, indexes, and price.

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 no change from the inflation rate in the previous month when it stood at 1.38 percent. Compared to a year ago, we see a decrease from the...

Singapore MAS Core Inflation: YoY (2019=100) data was reported at 1.800 % in Dec 2024. This records a decrease from the previous number of 1.900 % for Nov 2024. Singapore MAS Core Inflation: YoY (2019=100) data is updated monthly, averaging 1.700 % from Jan 1990 (Median) to Dec 2024, with 420 observations. The data reached an all-time high of 6.500 % in Jun 2008 and a record low of -1.400 % in Dec 2009. Singapore MAS Core Inflation: YoY (2019=100) data remains active status in CEIC and is reported by Monetary Authority of Singapore. The data is categorized under Global Database’s Singapore – Table SG.I031: MAS Core Inflation.

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

Inflation, consumer prices (annual %) in Singapore was reported at 2.3895 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Cost of food in Singapore increased 1 percent in June 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 rates in the Association of Southeast Asian Nations (ASEAN) ranged from ** percent inflation in Myanmar to **** percent inflation in Thailand in 2025. 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.

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.

Singapore SG: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 0.870 % in 2017. This records an increase from the previous number of -0.036 % for 2016. Singapore SG: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 1.142 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 5.861 % in 2007 and a record low of -3.899 % in 1999. Singapore SG: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

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 June of 2025.

Inflation, monthly percent change in the CPI in Singapore, May, 2025 The most recent value is 0.7 percent as of May 2025, an increase compared to the previous value of -0.3 percent. Historically, the average for Singapore from February 1961 to May 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

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.

In 2024, the prices of food and beverage serving services in Singapore rose by *** percent compared to the previous year. This was the lowest inflation rate increase in the last three years.

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.