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Ministry of Trade and Industry (MTI)
Singapore economy
Singapore’s headline inflation eases further to 4.0% while core inflation moderates to 3.4% in August
Looking ahead, core inflation is expected to moderate further over the next few months, says MAS and MTI.
2 days ago
Singapore economy
Headline inflation falls to 4.1% while core inflation declines to 3.8% on y-o-y basis in July
On a m-o-m basis, core inflation rose by 0.2% while headline inflation fell by 0.2%.
August 23, 2023
Singapore economy
Analysts keep earlier growth projections despite official narrowing of GDP growth range
Singapore narrowed its full-year GDP growth projection range to 0.5% to 1.5%, down from its previous estimate of 0.5% to 2.5%.
August 17, 2023
Singapore economy
Singapore expects to avoid recession this year
The MTI maintained its full-year GDP growth forecast of between 0.5% and 2.5%, with growth likely to come in around the midpoint.
May 25, 2023
Singapore economy
Singapore's headline inflation at 6.6% y-o-y while MAS core inflation at 5.5% in January
For 2023, MAS and MTI have projected Singapore’s headline and core inflation to average 5.5%–6.5% and 3.5%–4.5% respectively.
February 23, 2023
Singapore economy
Singapore's GDP expands by 3.6% in 2022; 2023 growth forecast kept at 0.5% to 2.5%
The country’s economy grew by 2.1% y-o-y in the 4Q2022.
February 13, 2023
Singapore economy
Singapore’s headline inflation eases to 6.5% while MAS core inflation remains unchanged at 5.1% in December
In 2022, core inflation averaged at 4.1%, compared to 2021’s 0.9%.
January 25, 2023
Singapore economy
GDP growth momentum 'likely' to moderate below 2% y-o-y handle in 1Q2023: analysts
Analysts have kept their 2023 GDP estimates unchanged even if they are expecting Singapore's 2023 GDP growth momentum to moderate.
January 05, 2023
Singapore economy
Headline and MAS core inflation nearly unchanged m-o-m at 6.7% and 5.1% in November
In 2023, headline and core inflation are projected to range between 5.5%–6.5% and 3.5%–4.5%, with the GST increase factored in.
December 23, 2022
Singapore economy
October's headline inflation eases to 6.7% while core inflation eases to 5.1%
For 2022, CPI-All Items inflation is expected to average around 6.0% while MAS Core Inflation is expected to average around 4.0%.
November 23, 2022