Singapore Inflation Rate Forecast 2024. If the labour market remains resilient and wage growth stays high,. Singapore 2024 headline inflation rate is projected at 3.4%, much lower 4% (as of august 2023).
Inflation, which stood at 6.1 per cent last year, will likely drop to 5 per cent this year and fall further to 3.1 per cent in 2024. Mas and mti projected both headline inflation and core inflation to average 2.5 per cent to 3.5 per cent for 2024.