2024 Inflation Rate Singapore Reddit. For the year as a whole, the central bank projected that core inflation will average 2.5 per cent to 3 per cent in 2024, down from 4.2 per cent in 2023. The scenario of consumers driving inflation is rare in singapore, where price changes are seen as a global phenomenon rather than a function of domestic demand.

The consumer price index (cpi) measures the average price changes in a fixed basket of consumption goods and services commonly purchased by. Without which, core inflation will be one percentage point lower at 1.5 to 2.5 per cent.