Annual inflation, consumer prices in Singapore
Singapore: Annual inflation, consumer prices was 2.4% in 2024. ◆ Volatile
Annual inflation, consumer prices in Singapore, 2000–2024
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 135th out of 203 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.
Annual inflation, consumer prices in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.4% | — |
| 2001 | 1.0% | -26.8% |
| 2002 | -0.4% | -139.3% |
| 2003 | 0.5% | -229.7% |
| 2004 | 1.7% | +227.4% |
| 2005 | 0.4% | -74.4% |
| 2006 | 1.0% | +127.2% |
| 2007 | 2.1% | +118.5% |
| 2008 | 6.6% | +214.5% |
| 2009 | 0.6% | -91.1% |
| 2010 | 2.8% | +380.2% |
| 2011 | 5.3% | +85.6% |
| 2012 | 4.6% | -12.8% |
| 2013 | 2.4% | -48.4% |
| 2014 | 1.0% | -56.3% |
| 2015 | -0.5% | -150.5% |
| 2016 | -0.5% | +1.5% |
| 2017 | 0.6% | -208.9% |
| 2018 | 0.4% | -23.9% |
| 2019 | 0.6% | +29.4% |
| 2020 | -0.2% | -130.3% |
| 2021 | 2.3% | -1445.7% |
| 2022 | 6.1% | +164.7% |
| 2023 | 4.8% | -21.2% |
| 2024 | 2.4% | -50.6% |
Singapore compared with similar countries
- Singapore's 2.4% is above the median for high income countries, which is 2.4%, 1.0× the median. (64 countries reporting)
- Singapore's 2.4% is below the median for East Asia & Pacific, which is 2.4%, 99% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Annual inflation, consumer prices in Singapore changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1445.7% | -0.2% | 2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | 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
More development goals data for Singapore
- Red List Index 0.8886 index (2025)
- Number of refugees per 100,000 population, by country of origin 0.6643 per 100,000 people (2025)
- Manufacturing value added per capita 13,645 constant US$ (2025)
- Infant deaths 106 (2024)
- Neonatal deaths 53 (2024)
- Alcohol consumption per capita (aged 15 years and older) within a 2.18 ltpureal (2024)
- Under-five deaths 128 (2024)
- Children moderately or severely stunted 6.5 num th (2024)
- Children moderately or severely overweight 8.9 num th (2024)
- DEC alternative conversion factor 1.34 ratio (2024)
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 135th out of 203 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).