Annual inflation, consumer prices in Singapore

Singapore: Annual inflation, consumer prices was 2.4% in 2024. β—† Volatile

Latest (2024)
2.4%
Change on year
down 50.6%
World rank
123rd
of 187 countries
All-time high
6.6%
in 2008
All-time low
-0.5%
in 2016
Years of data
25
2000–2024

Annual inflation, consumer prices in Singapore, 2000–2024

02462000201220242000: 1.4 %2001: 0.997 %2002: -0.392 %2003: 0.508 %2004: 1.7 %2005: 0.425 %2006: 0.966 %2007: 2.1 %2008: 6.6 %2009: 0.589 %2010: 2.8 %2011: 5.3 %2012: 4.6 %2013: 2.4 %2014: 1 %2015: -0.522 %2016: -0.53 %2017: 0.577 %2018: 0.439 %2019: 0.568 %2020: -0.172 %2021: 2.3 %2022: 6.1 %2023: 4.8 %2024: 2.4 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

In 2024, annual inflation, consumer prices in Singapore stood at 2.4%.

The figure is down 50.6% on the previous year and up 131.3% over ten years.

Over the whole period, annual inflation, consumer prices in Singapore peaked at 6.6% in 2008 and was at its lowest, -0.5%, in 2016.

That places Singapore 123rd out of 187 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 1.5% -0.4% 6.6% 10
2010s 1.7% -0.5% 5.3% 10
2020s 3.1% -0.2% 6.1% 5

Countries ranked near Singapore

  1. 120 Bulgaria 2.4% compare
  2. 121 Czechia 2.4% compare
  3. 122 Portugal 2.4% compare
  4. 124 Canada 2.4% compare
  5. 125 Republic of Korea 2.3% compare
  6. 126 Germany 2.3% compare

See the full ranking of 223 places β†’

More development goals data for Singapore

All data for Singapore β†’

Frequently asked questions

What is annual inflation, consumer prices in Singapore?
Annual inflation, consumer prices in Singapore was 2.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest annual inflation, consumer prices recorded in Singapore?
The highest recorded value was 6.6% in 2008.
What is the lowest annual inflation, consumer prices recorded in Singapore?
The lowest recorded value was -0.5% in 2016.
How does Singapore rank for annual inflation, consumer prices?
Singapore ranks 123rd out of 187 countries with data for 2024.
Is annual inflation, consumer prices rising or falling in Singapore?
Over the last ten years it is up 131.3%. The long-run trend across the full record is volatile.
Where does this Singapore data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.

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Annual inflation, consumer prices in Singapore. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 16 August 2026, from https://development-goals.statizoid.com/stat/annual-inflation-consumer-prices-percent/singapore/

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About this data

Indicator
Annual inflation, consumer prices (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
223 places, 5,311 data points, 2000–2024
Last refreshed