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.
Projections indicate stabilization at 2.0% by 2026, reflecting Singapore’s ability to maintain economic resilience through prudent fiscal and monetary measures.
Discover additional trends and data on Singapore’s working-age population share, Singapore’s annual GDP growth rate, Singapore’s population count.
