Inflation Singapore 2008
Average inflation: 6.6%
Current Inflation
Inflation is very high at 6.6%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 7.6%. The lowest inflation was in December at 5.4%.
- Highest month
- April: 7.6%
- Lowest month
- December: 5.4%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 14.9%. The lowest price increase was in Core inflation with an average of 5.7%.
- Highest increase
- Energy: 14.9%
- Lowest increase
- Core inflation: 5.7%
Historical Context
Current inflation is 3.4% higher than the 5-year average of 3.2%. This approaches the highest level since records began (6.6% in 2008).
- 5-year average
- 3.2%
- 10-year average
- 3.2%
- All-time high (2008)
- 6.6%
- All-time low (2006)
- 1%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +4.5 percentage point.
- Change vs. previous year
- +4.5 percentage points
- Largest monthly swing
- January: +7.2 percentage points
ECB Target
Inflation is 4.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 6.6% | +7.2 |
| February | 6.6% | +6.6 |
| March | 6.7% | +6.5 |
| April | 7.6% | +7.1 |
| May | 7.5% | +6.2 |
| June | 7.5% | +5.8 |
| July | 6.6% | +3.6 |
| August | 6.4% | +3.0 |
| September | 6.8% | +3.8 |
| October | 6.4% | +2.3 |
| November | 5.5% | +0.6 |
| December | 5.4% | +1.6 |
| Average | 6.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.