2024 Inflation Rate Singapore November

2024 Inflation Rate Singapore November. 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. Figures remained at their lowest level since august 2021, with food prices rising the least in over 2 years (2.7% vs 2.8% in june).

In 2024, headline inflation is projected to average 3 per cent to 4 per cent, with core inflation forecast at 2.5 per cent to 3.5 per cent. Excluding the impact of the increase in the goods and services tax (gst) rate in january next year, core inflation for 2024 is forecast at 1.5 per cent to 2.5 per cent, the.