Singapore Inflation Rate Forecast 2024. March core inflation slowed to 3.1%, after 3.6% in feb. Mti has maintained the gdp.
Singapore’s core inflation unexpectedly picked up pace in december yet authorities retained their 2024 outlook, a signal that while price pressures in the city. Core inflation this year was projected at 4.1 per cent, higher than the mas forecast of 4 per cent.
In Early 2024, Both Headline And Core Inflation Are Likely To See A Temporary Increase As The Goods And Services Tax (Gst) Rises To 9 Per Cent And Public Transport.
Gdp growth in singapore is expected to be slower in 2023 but is predicted to increase to 2.5 per cent in 2024.
The Ministry Of Trade And Industry (Mti) Announced Today That The Singapore Economy Expanded By 1.1 Per Cent In 2023.
It lowered its estimate for overall inflation in 2024 to 2.5 per cent to 3.5 per cent, down from a previous projection of between 3 per cent and 4 per cent.
Table 1 Percentage Change In Consumer Price Index At Expenditure Division And Group Level (2019 As Base Year) Expenditure.
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Inflation Rate In Singapore Decreased To 2.70 Percent In March From 3.40 Percent In February Of 2024.
Singapore 2024 headline inflation rate is projected at 3.4%, much lower 4% (as of august 2023).
Core Inflation Is Projected To Average 2.5 Per Cent To 3.5 Per Cent In 2024.
The financial services sector is likely to enjoy modest recovery with possible rate cuts in the second half of 2024.
Inflation, Gdp Deflator (Annual %) In Singapore Was Reported At 9.0518 % In 2022, According To The World Bank Collection Of.