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.