Inflation Rate in Singapore increased to 1.20 percent in October from 0.70 percent in September of 2025. This dataset provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the average consumer price inflation rate in Singapore amounted to about 2.39 percent compared to the previous year. 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 1.20 percent in October 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 *** percent, down from *** percent in the previous month. The core inflation rate in Singapore has been declining since a high of *** percent in February 2023. The core inflation measures by the Monetary Authority of Singapore excludes accommodation and transport.

Cost of food in Singapore increased 1.20 percent in October 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 is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

Actual value and historical data chart for Singapore Inflation Consumer Prices Annual Percent

Consumer Price Index CPI in Singapore increased to 101.30 points in September from 101 points in August 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.

In September 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In September 2025, Russia maintained the highest interest rate at 17 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

This statistic shows the average consumer price inflation rate in Indonesia from 1987 to 2024, with projections up until 2030. In 2024, the average inflation rate in Indonesia amounted to about 2.3 percent compared to the previous year. The global financial crisis and economic consequences The global economy underwent a drastic slump due to the global financial crisis in 2008, which caused a continued increase in the general level of prices of goods and services; the highest recorded global inflation of the past decade took place in 2008, when the global inflation rate increased by more than 6.4 percent in comparison with the previous year. As for Indonesia, the country's inflation rate amounted to around 9.8 percent in comparison to the previous year. The financial crisis also impacted the global unemployment rate. In 2009, the global unemployment rate jumped to around 6.2 percent, and it is not expected to recover to pre-crisis levels anytime soon. The financial crisis impact on the Indonesian economy was slightly more severe: In 2008, the unemployment rate in Indonesia was around 8.4 percent, much higher than the global unemployment rate for the same year. It has, however, now decreased significantly, even though it is still not below the global level, the country itself has reached lower levels than before the crisis. After the financial crisis, the Indonesian government implemented several economic reforms and increased exports in order to strengthen the economy. In 2011, Indonesia exported goods with a value of more than 200 billion U.S. dollars. The main export partners of Indonesia are Japan, China and Singapore. As a result of increased exports, the Indonesian economy was able to grow, making Indonesia one of the twenty nations in the world with the largest gross domestic product in 2015.

Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Bank of Indonesia: Spot: Singapore Dollar data was reported at 0.000 % in 01 Dec 2025. This stayed constant from the previous number of 0.000 % for 24 Nov 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 01 Dec 2025, with 288 observations. The data reached an all-time high of 42.671 % in 23 May 2022 and a record low of 0.000 % in 01 Dec 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.

Monthly and long-term Singapore Unemployment data: historical series and analyst forecasts curated by FocusEconomics.

Inflation Rate in Malaysia decreased to 1.30 percent in October from 1.50 percent in September of 2025. This dataset provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• Singapore house prices grew 3.9% YoY in Dec 2024, following an increase of 4.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1976 to Dec 2024, with an average growth rate of 4.9%.
• House price data reached an all-time high of 102.0% in Mar 1981 and a record low of -34.0% in Dec 1998.

Unemployment Rate in Singapore remained unchanged at 2 percent in the second quarter of 2025 from 2 percent in the first quarter of 2025. This dataset provides the latest reported value for - Singapore Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to an April 2022 study, nearly **** in ** consumers in the United States were planning cuts to domestic travel due to inflation. While ** percent of surveyed Australians stated the same, only around a quarter of respondents in Singapore were thinking of making cuts to domestic trips due to inflation concerns.

In 2023, the private consumption expenditure on food and non-alcoholic beverages in Singapore amounted to around ** billion Singapore dollars. The private consumption expenditure on food and non-alcoholic beverages increased significantly in Singapore since 2020, as food prices increased due to inflation. Increase in food prices in Singapore due to inflation In 2022, the private consumption expenditure in Singapore amounted to ***** billion Singapore dollars. This was the highest amount in the last decade, resulting from a recovery from the COVID-19 pandemic but also the increase in prices of goods due to inflation. Food prices, especially, has increased significantly. For example, the average retail price of cooking oil in 2022 was approximately **** Singapore dollars per two-kilogram bottle, the highest price for this basic commodity in the last decade. The average retail price chicken, Singapore’s most consumed meat protein, increased to **** Singapore dollars per kilogram, from **** Singapore dollars per kilogram a year earlier. Real wages have not kept up with inflation While prices of everyday goods and services have increased significantly, growth in real income have not kept up. In 2022, the real change in median monthly household income in Singapore grew by just *** percent. This has led to many Singaporean households planning to cut down on leisure spending, especially on out-of-home food spending.