Inflation Singapore 2020
Average inflation: -0.2%
Current Inflation
There is deflation with consumer prices declining by 0.2%.
Peak and Trough
The highest inflation was in January at 0.8%. The lowest inflation was in May at -0.8%.
- Highest month
- January: 0.8%
- Lowest month
- May: -0.8%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.9%. The lowest price increase was in Energy with an average of -0.3%.
- Highest increase
- Food: 1.9%
- Lowest increase
- Energy: -0.3%
Historical Context
Current inflation is around the 5-year average of 0.2%.
- 5-year average
- 0.2%
- 10-year average
- 1.4%
- All-time high (2008)
- 6.6%
- All-time low (2016)
- -0.5%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-0.8 percentage point).
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- May: -1.7 percentage points
ECB Target
Inflation is 2.2% 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 €99.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.8% | +0.4 |
| February | 0.3% | -0.2 |
| March | 0.0% | -0.7 |
| April | -0.7% | -1.6 |
| May | -0.8% | -1.7 |
| June | -0.5% | -1.0 |
| July | -0.4% | -0.6 |
| August | -0.4% | -0.8 |
| September | 0.0% | -0.4 |
| October | -0.2% | -0.7 |
| November | -0.1% | -0.7 |
| December | 0.0% | -0.8 |
| Average | -0.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.