Latest Singapore Inflation Data
As we can see from the data above, inflation levels remain high in Singapore throughout 2023. Headline inflation, which measures the total inflation rate in an economy, has increased by 4.1% year-on-year and 5.1% since the beginning of 2023. MAS core inflation, which excludes the costs of accommodation and private transport, has risen by a slightly more modest 3.0% year-on-year or 4.4% since the beginning of 2023. All spending categories used to measure inflation in Singapore have risen since a year ago, with the exception...| Category | Year-on-year Data (Sep 2023 vs Sep 2022) | Month-on-Month Data (Sep 2023 vs Aug 2023) | Cumulative Data (Jan 2023 - Sep 2023) |
|---|---|---|---|
| Headline Inflation Rate | +4.1% | +0.5% | +5.1% |
| Mas Core Inflation | +3.0% | +0.1% | +4.4% |
| Food | +4.3% | +0.1% | +6.3% |
| Transport | +6.3% | +1.8% | +6.8% |
| Clothing and Footwear | -1.7% | -1.9% | +3.5% |
| Communication | +3.6% | +2.1% | +2.6% |
| Housing & Utilities | +3.7% | +0.3% | +4.5% |
| Recreation and Culture | +4.3% | -0.3% | +6.2% |
| Household Durables & Services | +1.5% | +0.2% | +2.1% |
| Education | +2.4% | +0.2% | +2.7% |
| Health Care | +4.5% | +0.4% | +4.3% |
| Miscellaneous Goods & Services | +2.6% | -0.7% | +3.2% |
| Source: Singapore Department of Statistics | |||
