CPI y/y - ForexCracked
SGD

CPI y/y SGD

Medium impact Updated after every release
Next release Fri, Oct 23 05:00 UTC · consensus 2.4% · previous 2.3%  

What this release is

The Consumer Price Index, or CPI, year-over-year for Singapore measures the percentage change in the cost of a basket of consumer goods and services compared to the same month a year prior. This key indicator of inflation is published monthly by singstat.gov.sg, Singapore’s national statistics office, as part of its prices sector data.

Forex traders monitor Singapore’s CPI y/y data for its implications on monetary policy. The Monetary Authority of Singapore, MAS, uses exchange rate adjustments to manage inflation. Sustained changes in consumer prices can influence MAS’s policy stance, potentially affecting the Singapore Dollar. The typical impact rating for this release is Medium.

Upon release, market participants generally focus on the headline year-over-year percentage change. Any revisions to previous months’ data are also observed. After past releases, market activity around the Singapore Dollar has been noted, reflecting the data’s influence on economic outlooks.

How hard it hits, measured

5 releases · own feed
Typical USDSGD move
3pips / 1h
Median absolute move in the hour after the release
Big-release move
4pips / 1h
Top-quarter releases move at least this much
Direction reliability
n/a
Unlocks after 8 live-captured releases with consensus. Measured, never estimated
Pair5 min15 min1 hourBig release (1h)
USDSGD1.5p0.8p3.2p4.0p

How we measure: moves come from our own MT4 price feed and our archived minute bars, sampled 5, 15 and 60 minutes after each release against the pre-release price. No estimates, no third-party numbers. Releases where our feed had a gap are skipped, never guessed.

What usually happens

conditional history
Beat above consensus Accumulating. Shows after 8 live-captured releases n=0 live
Miss below consensus Accumulating. Shows after 8 live-captured releases n=0 live
In line within the surprise band Accumulating. Shows after 8 live-captured releases n=0 live

These are counts of what happened after past releases, conditional on the surprise direction. They are history, not a forecast, and never a trade recommendation. Sample sizes are shown because small samples mislead; rows stay locked until the sample is honest.

Release history

accumulates every release
DateActualForecastPreviousRevised toUSDSGD 1h
Sep 23, 20262.3%2.3%2.2%———
Aug 24, 20262.2%1.9%1.9%———
Jul 23, 20261.9%1.9%1.8%1.8%——
Jun 23, 20261.8%—1.8%———
May 25, 20261.8%2%1.8%———
Apr 23, 20261.8%—1.2%1.2%——
Mar 23, 20261.2%1.5%1.4%1.4%——
Feb 23, 20261.4%1.3%1.2%———
Jan 23, 20261.2%1%1.2%———
Dec 23, 20251.2%0.9%1.2%———
Nov 24, 20251.2%0.7%0.7%———
Oct 23, 20250.7%0.7%0.5%———
Sep 23, 20250.5%0.3%0.6%———
Aug 25, 20250.6%0.6%0.8%———
Jul 23, 20250.8%0.6%0.8%———
Jun 23, 20250.8%0.6%0.9%———
May 23, 20250.9%0.7%0.9%———
Apr 23, 20250.9%0.8%0.9%———
Mar 24, 20250.9%1%1.2%———
Feb 24, 20251.2%1.2%1.6%———
Jan 23, 20251.6%1.5%1.6%———
Dec 23, 20241.6%1.7%1.4%———
Nov 25, 20241.4%2.1%2%———
Oct 23, 20242%2.3%2.2%———

Showing the latest 24 of 123 tracked releases.

Reaction = USDSGD move 60 minutes after the release, measured from our own price history. Story links appear for releases our news desk covered; every release gets a row here whether or not it gets a story. Values from before our live tracking began are the current figures in the official statistical series, so they include later revisions; live rows record the number as printed.

Market statistics, not financial advice. All reaction figures are measured from our own price feed under our published methodology.
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