2024 Inflation Rate Forecast Singapore. Analysts and singapore's central bank expect a bumpy start to 2024 in consumer prices, given recent rises in prices like transport fares, gst, and an upcoming electricity and. 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.
The median forecast for headline inflation for 2024 was 2.6%, down from 2.8% in the previous june survey. For the year as a whole, the central bank projected that core inflation will average 2.5 per cent to 3 per cent in 2024, down from 4.2 per cent in 2023.