Average inflation measured by CPI fell 172% to -0.407% in Singapore in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in Singapore reached an all time high of 22.4% in 1974 and an all time low of -1.84% in 1976. When compared to Singapore's main peers, average inflation measured by CPI in Indonesia amounted to 2.07%, -1.13% in Malaysia, 2.44% in Philippines and -0.428% in Thailand in 2020.
Singapore has been ranked 160th within the group of 172 countries we follow in terms of average inflation measured by CPI, 56 places below the position seen 10 years ago.
Inflation, CPI (Average) | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
Australia | % | 2.82% | 6.50% | 4.80% | 2.91% | 2.82% | ||||||||||||||||
Cambodia | % | 2.92% | 5.21% | 3.82% | 3.04% | 3.04% | ||||||||||||||||
China | % | 0.853% | 2.17% | 2.24% | 1.86% | 2.00% | ||||||||||||||||
Indonesia | % | 1.56% | 4.63% | 5.50% | 3.17% | 3.04% | ||||||||||||||||
Laos | % | 3.75% | 15.0% | 9.00% | 4.00% | 3.00% | ||||||||||||||||
Malaysia | % | 2.48% | 3.23% | 2.81% | 2.37% | 2.40% | ||||||||||||||||
Myanmar | % | 3.64% | 16.2% | 13.3% | 7.83% | 7.83% | ||||||||||||||||
Philippines | % | 3.93% | 5.32% | 4.34% | 3.12% | 3.00% | ||||||||||||||||
Singapore | % | 2.31% | 5.54% | 3.00% | 2.01% | 1.48% | ||||||||||||||||
Taiwan | % | 1.97% | 3.10% | 2.20% | 1.44% | 1.44% | ||||||||||||||||
Thailand | % | 1.23% | 6.33% | 2.82% | 1.45% | 2.30% | ||||||||||||||||
Vietnam | % | 1.83% | 3.76% | 3.92% | 3.50% | 3.50% |