Flag of sg

Singapore Annual Inflation Rate

Singapore's annual inflation rate fell to 2.39% in 2024, down from 4.83% in 2023, according to World Bank. This represents a decrease of 2.44% from the previous year. Singapore has annual inflation rate lower than the global median (2.39% vs median 3.16%). Compared with the median in Asia, Singapore is lower (2.39% vs regional median 2.56%) and ranks 23rd out of 44 countries in Asia.

Yearly Historical Data (1961-2024)

(in %)
Year Annual Inflation Rate (%)
2024 2.39%
2023 4.83%
2022 6.13%
2021 2.32%
2020 -0.17%
2019 0.57%
2018 0.44%
2017 0.58%
2016 -0.53%
2015 -0.52%
2014 1.03%
2013 2.36%
2012 4.58%
2011 5.25%
2010 2.83%
2009 0.59%
2008 6.64%
2007 2.11%
2006 0.97%
2005 0.43%
2004 1.66%
2003 0.51%
2002 -0.39%
2001 1%
2000 1.36%
1999 0.02%
1998 -0.27%
1997 2%
1996 1.38%
1995 1.72%
1994 3.1%
1993 2.29%
1992 2.26%
1991 3.43%
1990 3.46%
1989 2.35%
1988 1.52%
1987 0.52%
1986 -1.39%
1985 0.48%
1984 2.6%
1983 1.2%
1982 3.92%
1981 8.18%
1980 8.53%
1979 4.08%
1978 4.87%
1977 3.16%
1976 -1.84%
1975 2.54%
1974 22.37%
1973 19.64%
1972 2.08%
1971 1.76%
1970 0.46%
1969 -0.27%
1968 0.66%
1967 3.34%
1966 2.01%
1965 0.18%
1964 1.73%
1963 2.21%
1962 0.42%
1961 0.4%
Singapore Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Singapore.
Indicator Last Value Prior Value Period
Core Inflation Rate 0.4% 0.3% Sep'25
Inflation Rate 0.7% 0.5% Sep'25
Inflation Rate MoM 0.4% 0.5% Sep'25
Domestic Supply Prices YoY 1.1% -2.4% Aug'25