Singapore Inflation Rate 1960-2024

Inflation as measured by the consumer price index 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. The Laspeyres formula is generally used.
  • Singapore inflation rate for 2022 was 6.12%, a 3.82% increase from 2021.
  • Singapore inflation rate for 2021 was 2.30%, a 2.49% increase from 2020.
  • Singapore inflation rate for 2020 was -0.18%, a 0.75% decline from 2019.
  • Singapore inflation rate for 2019 was 0.57%, a 0.13% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Trinidad and Tobago 5.83%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Kuwait 3.98%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
Isle of Man 0.00%
San Marino 0.00%
Argentina 0.00%
Barbados 0.00%
Faroe Islands 0.00%
Monaco 0.00%
Bermuda 0.00%
Cayman Islands 0.00%
St. Martin (French part) 0.00%
Turks and Caicos Islands 0.00%
Andorra 0.00%
Curacao 0.00%
Seychelles 0.00%
Aruba 0.00%
Guam 0.00%
French Polynesia 0.00%
Sint Maarten (Dutch part) 0.00%
Channel Islands 0.00%
Greenland 0.00%
Virgin Islands (U.S.) 0.00%
New Caledonia 0.00%
Puerto Rico 0.00%
British Virgin Islands 0.00%
Gibraltar 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Singapore Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 6.12% 3.82%
2021 2.30% 2.49%
2020 -0.18% -0.75%
2019 0.57% 0.13%
2018 0.44% -0.14%
2017 0.58% 1.11%
2016 -0.53% -0.01%
2015 -0.52% -1.55%
2014 1.03% -1.33%
2013 2.36% -2.22%
2012 4.58% -0.67%
2011 5.25% 2.42%
2010 2.82% 2.23%
2009 0.60% -6.03%
2008 6.63% 4.52%
2007 2.10% 1.14%
2006 0.96% 0.54%
2005 0.43% -1.24%
2004 1.66% 1.15%
2003 0.51% 0.90%
2002 -0.39% -1.39%
2001 1.00% -0.36%
2000 1.36% 1.34%
1999 0.02% 0.28%
1998 -0.27% -2.27%
1997 2.00% 0.62%
1996 1.38% -0.34%
1995 1.72% -1.38%
1994 3.10% 0.81%
1993 2.29% 0.03%
1992 2.26% -1.16%
1991 3.43% -0.04%
1990 3.46% 1.12%
1989 2.35% 0.82%
1988 1.52% 1.00%
1987 0.52% 1.91%
1986 -1.39% -1.87%
1985 0.48% -2.12%
1984 2.60% 1.40%
1983 1.20% -2.72%
1982 3.92% -4.27%
1981 8.18% -0.34%
1980 8.53% 4.45%
1979 4.08% -0.80%
1978 4.87% 1.71%
1977 3.16% 5.01%
1976 -1.84% -4.38%
1975 2.54% -19.83%
1974 22.37% 2.73%
1973 19.64% 17.56%
1972 2.08% 0.32%
1971 1.76% 1.30%
1970 0.46% 0.74%
1969 -0.27% -0.93%
1968 0.66% -2.69%
1967 3.34% 1.34%
1966 2.01% 1.83%
1965 0.18% -1.55%
1964 1.73% -0.48%
1963 2.21% 1.79%
1962 0.42% 0.02%
1961 0.40% 0.40%
1960 0.00% 0.40%