Inflation Singapore 2017
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in May at 1.4%. The lowest inflation was in April at 0.4%.
- Highest month
- May: 1.4%
- Lowest month
- April: 0.4%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 1.5%. The lowest price increase was in Energy with an average of -2.5%.
- Highest increase
- Core inflation: 1.5%
- Lowest increase
- Energy: -2.5%
Historical Context
Current inflation is around the 5-year average of 0.6%.
- 5-year average
- 0.6%
- 10-year average
- 2.3%
- All-time high (2008)
- 6.6%
- All-time low (2016)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +1.1 percentage point.
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- May: +3.0 percentage points
ECB Target
Inflation is 1.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 0.6% | +1.2 |
| February | 0.7% | +1.5 |
| March | 0.7% | +1.7 |
| April | 0.4% | +0.9 |
| May | 1.4% | +3.0 |
| June | 0.5% | +1.2 |
| July | 0.6% | +1.3 |
| August | 0.4% | +0.7 |
| September | 0.4% | +0.6 |
| October | 0.4% | +0.5 |
| November | 0.6% | +0.6 |
| December | 0.4% | +0.2 |
| Average | 0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.