Prices: Consumer Price Index for Singapore
SGPPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.96
Year-over-Year Change
423.35%
Date Range
1/1/1990 - 1/1/2029
Summary
The Consumer Price Index (CPI) for Singapore measures the changes in the prices of a basket of consumer goods and services. It is a key indicator of inflation and serves as a crucial tool for economic policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Singapore CPI tracks the average change in prices paid by consumers for a representative basket of goods and services, including food, housing, transportation, and other expenditures. It is used to monitor the cost of living and guide monetary policy decisions.
Methodology
The data is collected through surveys of prices for a representative sample of goods and services.
Historical Context
The Singapore CPI is closely watched by the Monetary Authority of Singapore to help set interest rates and manage inflation.
Key Facts
- Singapore's CPI is measured monthly.
- The CPI basket is updated periodically to reflect changes in consumer spending patterns.
- The Singapore CPI is a widely-used benchmark for cost-of-living adjustments.
FAQs
Q: What does this economic trend measure?
A: The Singapore Consumer Price Index (CPI) measures the average change in prices paid by consumers for a basket of goods and services in Singapore.
Q: Why is this trend relevant for users or analysts?
A: The Singapore CPI is a key indicator of inflation and cost of living, and is closely monitored by policymakers to guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices for a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The Singapore CPI is used by the Monetary Authority of Singapore to help set interest rates and manage inflation in the country.
Q: Are there update delays or limitations?
A: The Singapore CPI is published monthly, with a slight delay, and may not fully capture all changes in consumer spending patterns.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for Singapore (SGPPCPIPCPPPT), retrieved from FRED.