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Inflation Rate Trends and Forecast for Singapore from 1990 to 2029

Inflation Rate Trends and Forecast for Singapore from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Singapore from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Singapore
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Singapore's inflation has been historically low due to its stable currency and effective fiscal policies. Inflation spiked to 6.6% in 2008 due to global energy price shocks but returned to deflationary territory in 2015. The pandemic caused inflation to rise again, reaching 6.1% in 2022, driven by supply chain disruptions.

Projections indicate stabilization at 2.0% by 2026, reflecting Singapore’s ability to maintain economic resilience through prudent fiscal and monetary measures.

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