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.

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.

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.

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 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.

Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from **** percent inflation in Myanmar to ***** percent inflation in Brunei Darussalam in 2024. Only a few countries are in the two to six 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.

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.

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.

Singapore recorded a real gross domestic product (GDP) growth rate of around 4.4 percent in 2024 compared to the previous year. While up from the previous year, this number is expected to decline in 2025, settling around 2.5 percent in the future. What is GDP? GDP is a measure of a country’s income, and most economists agree that slow but steady GDP growth is best for a developed economy. GDP measures the total value of all goods and services produced within a country during a certain time period. With the highest GDP per capita in ASEAN, Singapore certainly qualifies as developed, meaning that it should target GDP growth around 2 to 3 percent. Singapore’s context Singapore is a small, open economy. As such, it has little influence on, and high exposure to, international trends. For example, a shift in the exchange rate with a major trading partner can have significant effects on the economy. For Singapore, who relies heavily on exports, these kinds of shocks can affect the entire economy. For example, a weaker Singapore dollar would increase GDP by raising net exports, but this would also lead to higher inflation. As a result, policymakers in Singapore have to follow many factors if they want to continue enjoying healthy GDP growth.

Housing Index in Singapore increased to 210.70 points in the first quarter of 2025 from 209.40 points in the fourth quarter of 2024. This dataset provides the latest reported value for - Singapore Property Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

House Price Index MoM in Singapore decreased to 0.90 percent in the third quarter of 2025 from 1 percent in the second quarter of 2025. This dataset includes a chart with historical data for Singapore Residential Property Price Index MoM.

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.