Inflation Rate in Singapore decreased to 0.80 percent in May from 0.90 percent in April 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 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 May 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 increased 0.70 percent in May of 2025 over the previous month. This dataset provides - Singapore Inflation Rate Mom - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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

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.

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.

Cost of food in Singapore increased 1.10 percent in May 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.

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 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.

Inflation Rate in Malaysia decreased to 1.20 percent in May from 1.40 percent in April of 2025. This dataset provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 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.

Inflation, GDP deflator: linked series (annual %) in Singapore was reported at 3.2419 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2024, item prices from other catering services and vending machines in Singapore rose by 3.2 percent compared to the previous year. This was the lowest inflation rate increase in the last three years.