Inflation Singapore 2016
Average inflation: -0.5%
Current Inflation
There is deflation with consumer prices declining by 0.5%.
Peak and Trough
The highest inflation was in December at 0.2%. The lowest inflation was in May at -1.6%.
- Highest month
- December: 0.2%
- Lowest month
- May: -1.6%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 2.1%. The lowest price increase was in Energy with an average of -4.1%.
- Highest increase
- Food: 2.1%
- Lowest increase
- Energy: -4.1%
Historical Context
Current inflation is 1.9% lower than the 5-year average of 1.4%.
- 5-year average
- 1.4%
- 10-year average
- 2.4%
- All-time high (2008)
- 6.6%
- All-time low (2016)
- -0.5%
Trend
Inflation shows a downward trend. Compared to 2015, inflation has fallen by +0.0 percentage point.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- May: -1.2 percentage points
ECB Target
Inflation is 2.5% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | -0.6% | -0.2 |
| February | -0.8% | -0.5 |
| March | -1.0% | -0.7 |
| April | -0.5% | 0.0 |
| May | -1.6% | -1.2 |
| June | -0.7% | -0.4 |
| July | -0.7% | -0.3 |
| August | -0.3% | +0.5 |
| September | -0.2% | +0.4 |
| October | -0.1% | +0.7 |
| November | 0.0% | +0.8 |
| December | 0.2% | +0.8 |
| Average | -0.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.