Singapore - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Singapore was 116.83 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 116.83 in 2021 and a minimum value of 27.52 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 27.52
1961 27.63
1962 27.75
1963 28.36
1964 28.85
1965 28.90
1966 29.48
1967 30.46
1968 30.66
1969 30.58
1970 30.72
1971 31.26
1972 31.91
1973 38.18
1974 46.72
1975 47.90
1976 47.02
1977 48.51
1978 50.87
1979 52.95
1980 57.46
1981 62.16
1982 64.60
1983 65.37
1984 67.07
1985 67.39
1986 66.46
1987 66.81
1988 67.82
1989 69.41
1990 71.82
1991 74.28
1992 75.96
1993 77.70
1994 80.11
1995 81.48
1996 82.61
1997 84.27
1998 84.04
1999 84.05
2000 85.20
2001 86.05
2002 85.71
2003 86.15
2004 87.58
2005 87.95
2006 88.80
2007 90.67
2008 96.68
2009 97.25
2010 100.00
2011 105.25
2012 110.06
2013 112.66
2014 113.81
2015 113.22
2016 112.62
2017 113.27
2018 113.76
2019 114.41
2020 114.20
2021 116.83

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices