Inflation Singapore 2018
Average inflation: 0.4%
Current Inflation
Inflation is very low at 0.4%, well below the ECB target.
Peak and Trough
The highest inflation was in August at 0.7%. The lowest inflation was in January at 0.0%.
- Highest month
- August: 0.7%
- Lowest month
- January: 0.0%
- Difference
- 0.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 1.7%. The lowest price increase was in Energy with an average of -1.3%.
- Highest increase
- Core inflation: 1.7%
- Lowest increase
- Energy: -1.3%
Historical Context
Current inflation is around the 5-year average of 0.2%.
- 5-year average
- 0.2%
- 10-year average
- 1.7%
- All-time high (2008)
- 6.6%
- All-time low (2016)
- -0.5%
Trend
Inflation has remained relatively stable. Compared to 2017, the difference is minimal (-0.2 percentage point).
- Change vs. previous year
- -0.2 percentage points
- Largest monthly swing
- May: -1.0 percentage points
ECB Target
Inflation is 1.6% 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 €100.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 0.0% | -0.6 |
| February | 0.5% | -0.2 |
| March | 0.2% | -0.5 |
| April | 0.1% | -0.3 |
| May | 0.4% | -1.0 |
| June | 0.6% | +0.1 |
| July | 0.6% | 0.0 |
| August | 0.7% | +0.3 |
| September | 0.7% | +0.3 |
| October | 0.7% | +0.3 |
| November | 0.3% | -0.3 |
| December | 0.5% | +0.1 |
| Average | 0.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.