Singapore Consumer Price Index, Jan 2025
The Consumer Price Index (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 measures price movements (i.e., changes in prices) but not absolute price levels at a point in time.
The CPI is widely used and analysed as a measure of consumer price inflation. It is also used as inputs in the formulation of government policies, and as a means of deriving real values in the compilation of economic statistics.
The base period (or the reference period) for the CPI is 2024. The weighting pattern for the 2024-based CPI was derived from the expenditure values obtained from the Household Expenditure Survey (HES) 2023, and updated to 2024 values by taking into account price changes between 2023 and 2024.