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CPI Inflation in Singapore

17 February 2011

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Singapore’s Consumer Price Index (CPI) grew by 2.8 per cent in 2010 alongside the strong recovery from the economic downturn in 2009. While this was higher than the average CPI inflation of 1.5 per cent from 2000-2009, about half of overall CPI inflation was driven by private car purchases. This box article reviews trends in Singapore’s CPI inflation in 2010.

Headline CPI inflation rose to 2.8 per cent in 2010; MAS’ core inflation was a more moderate 1.5 per cent...

CPI inflation in Singapore picked up in 2010, after six consecutive months of year-on-year decline in the second half of 2009, to reach a two-year high of 4.6 per cent by December 2010 (Exhibit 1).The increase can be mainly attributed to higher prices of cars, oil-related items, food and service-related items such as tuition fees and holiday travel.

Download for the full article [PDF, 155 KB].

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