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Inflation, CPI (Average) in Singapore

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Average inflation measured by CPI reached 0.565 % in 2019 in Singapore, according to the National Statistical Office. This is 28.7 % more than in the previous year.

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 2.82 %, 0.663 % in Malaysia, 2.48 % in Philippines and 0.706 % in Thailand in 2019.

Singapore has been ranked 146th within the group of 175 countries we follow in terms of average inflation measured by CPI, 9 places behind the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.


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