2024 Inflation Rate Forecast Singapore. Its initial forecast was 1.0% to 3.0%. Singapore’s annual inflation rate stood at 2.4% in july 2024, keeping unchanged for the second month while falling short of market forecasts of 2.5%.
For 2024, mas expects overall inflation to average 3 to 4 per cent, while core inflation is expected to average 2.5 to 3.5 per cent. This is down from 2023’s official forecast of headline.