Looking back at inflation in 2021

In a surprise off-cycle move, the Monetary Authority of Singapore (MAS) tightened monetary policy on Tuesday (Jan 25), and raised its 2022 headline inflation forecast to between 2.5 and 3.5 per cent, up from 1.5 and 2.5 per cent previously.

Inflation was already seen as a major concern going into 2022, with Singapore's headline inflation rising faster than expected to 4 per cent in December.

Here's a look at how some of the significant CPI components moved in 2021.