DOS | SingStat Website - Consumer Price Index

SINGAPORE

CONSUMER
PRICE INDEX

(CPI)

The CPI is designed to measure the average price changes of a fixed basket of consumption goods and services commonly purchased by resident households over time. It is widely used as a measure of consumer price inflation.

ALL ITEMS

ALL ITEMS LESS
IMPUTED RENTALS
FOR HOUSING¹

MAS CORE
INFLATION
MEASURE²

2024

2.4%

2025

0.9%

2024

2.3%

2025

1.0%

2024

2.8%

2025

0.7%

SINGAPORE'S CPI INCREASED 0.9% IN 2025

Accommodation, one of the groups in the Housing & Utilities expenditure division,
comprises Actual Rentals for Housing, Imputed Rentals for Housing, as well as
Housing Maintenance & Repairs. A significant share of the Accommodation group is Imputed Rentals
for Housing, which reflects the costs to homeowners of utilising the flow of services provided by
their homes over an extended period of time. Given that the cost of using housing services is not
directly observed for homeowners, it is computed based on the imputed rental concept under the rental
equivalence method, i.e. proxied by market rentals of similar properties. Imputed Rentals have no
impact on the cash expenditure of most households in Singapore as they already own their homes.
Housing Price in not considered in the CPI as it has a high investment component and is treated
as a capital good. Actual rentals paid on rented units are still included in the measure.
MAS Core Inflation Measure: The Monetary Authority of Singapore (MAS) monitors a core inflation
measure that excludes the components of “Accommodation” and “Private Transport”.

WEIGHTING PATTERN FOR 2024-BASED CPI
FOR GENERAL HOUSEHOLDS

HOUSING & UTILITIES, FOOD, AND TRANSPORT ARE THE TOP 3 EXPENDITURE GROUPS

2024-BASED CPI
WEIGHTING PATTERN
FOR GENERAL
HOUSEHOLDS

%

Housing
& Utilities

%

Food

%

Transport

%

Health

%

Recreation,
Sport & Culture

%

Education

%

Household
Durables & Services

%

Miscellaneous
Good & Services

%

Information &
Communication

%

Clothing & Footwear

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INFLATION RATE FOR GENERAL HOUSEHOLDS
BY DIVISION IN 2025

MAIN CONTRIBUTORS TO THE INCREASE IN CPI-ALL ITEMS IN 2025 WERE
TRANSPORT, HEALTH, FOOD AND HOUSING & UTILITIES.

2025 Inflation Rate by Division

%

%

%

%

%

%

%

%

%

%

View detailed
CPI Statistics

INFLATION RATE FOR GENERAL HOUSEHOLDS AND BY HOUSEHOLD INCOME GROUP IN 2025

THE CPI-ALL ITEMS FOR LOWEST 20%, MIDDLE 60%
AND HIGHEST 20% INCOME GROUP ROSE 0.6%,
0.9% AND 1.2% RESPECTIVELY IN 2025.

General
Households

0.9%

Lowest 20%
Income Group

0.6%

Middle 60%
Income Group

0.9%

Highest 20%
Income Group

1.2%

View our latest press release on Consumer Price Index by Household Income Group