The consumer price index (cpi) measures the average price changes in a fixed basket of consumption goods and services commonly. It lowered its estimate for overall inflation in 2024 to 2.5 per cent to 3.5 per cent, down from a previous projection of between 3 per cent and 4 per cent.
Mas and mti projected both headline inflation and core inflation to average 2.5 per cent to 3.5 per cent for 2024. Core consumer prices in singapore increased 2.90 percent in june of 2024 over the same month in the previous year.