Inflation & Monetary Policy

MAS carries out the full range of central banking functions related to formulating and implementing monetary policy. Learn more about MAS' role as a central bank and our its role in formulating Singapore’s monetary policy.

Understanding Inflation & Monetary Policy

Watch short animation videos to understand MAS' role as a central bank and its objectives for monetary policy.

MAS as a Central Bank

Objective of MAS’ Monetary Policy

Articles

What is Inflation?

Understand the concept of consumer price inflation.

Inflation was high in 2022. Here’s why.

Understand how global and domestic developments impacted prices and caused high inflation in 2022.

How do we measure inflation?

Learn what the consumer price index (CPI) is, how it is measured, and how the CPI basket differs from what individuals consume. 

How does MAS carry out monetary policy?

As Singapore’s central bank, MAS is responsible for ensuring that inflation is low and stable over time. Learn about how MAS conducts monetary policy to manage inflation.

How does the Singapore dollar exchange rate affect inflation?

As a small, open economy, prices in Singapore are heavily influenced by both global and domestic developments. Find out how changes in the exchange rate flow through to inflation in Singapore.

How has inflation evolved in Singapore?

Understand how consumer prices in Singapore have changed from the 1970s to the present.

Inflation Calculators

Ever wondered how much prices have risen since the 1970s? The inflation calculators allow you to compare prices of goods and services, as well as wages, over the years, after adjusting for the inflation rates experienced in Singapore since 1961.

Inflation-Adjusted Goods and Services Prices

Find out how prices in Singapore have changed over time.

Wage Calculator

Find out how the wages required to purchase the same basket of goods and services have changed over time.

Related Resources

MAS Gallery

The Singapore economy is built on sound monetary fundamentals. Join us at the interactive kiosks to discover how MAS lays a strong foundation for sustainable, non-inflationary economic growth.


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