East Asia & Pacific
Singapore Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
2.4%
As of 2024
YoY Change
-50.6%
2023 → 2024
Record High
22.4%
Recorded in 1974
Record Low
-1.8%
Recorded in 1976
10-Year Average
1.6%
2015–2024
Data Range
1961–2024
64 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
1961 – 2024
Analysis
Singapore's inflation rate of 2.39% in 2024 indicates a moderate increase in the general price level of goods and services. This rate is relatively stable and managed, considering the global economic fluctuations. The Monetary Authority of Singapore closely monitors and manages inflation to maintain economic stability.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 2.4% | 2.4% | -50.6% |
| 2023 | 4.8% | 1.3% | -21.2% |
| 2022 | 6.1% | 3.8% | +164.7% |
| 2021 | 2.3% | 2.5% | +1445.7% |
| 2020 | -0.2% | 0.7% | -130.3% |
| 2019 | 0.6% | 0.1% | +29.4% |
| 2018 | 0.4% | 0.1% | -23.9% |
| 2017 | 0.6% | 1.1% | +208.9% |
| 2016 | -0.5% | 0.0% | -1.5% |
| 2015 | -0.5% | 1.6% | -150.5% |
Source: World Bank Open Data · 1961–2024
Neighbouring Countries Ranking
East Asia & Pacific · Inflation
Similar Rankings
Global · Inflation
