1. What is MAS Goods and Services Inflation?

The Monetary Authority of Singapore (MAS) monitors inflation rates for goods and services in Singapore. This calculator helps estimate how prices will change over time based on MAS inflation rates.

2. How Does the Calculator Work?

The calculator uses the inflation equation:

Where:

• \( Original \) — Original amount in SGD
• \( MAS Rate \) — Annual inflation rate in percentage
• \( Years \) — Number of years for projection

Explanation: The equation accounts for compound inflation over multiple years.

3. Importance of Inflation Calculation

Details: Understanding inflation helps with financial planning, investment decisions, and maintaining purchasing power over time.

4. Using the Calculator

Tips: Enter the original amount in SGD, the annual MAS inflation rate (%), and the number of years for projection. All values must be valid (amount > 0, rate ≥ 0, years ≥ 0).

5. Frequently Asked Questions (FAQ)

Q1: What is MAS core inflation?
A: MAS core inflation excludes accommodation and private transport costs to better reflect Singaporeans' domestic consumption expenses.

Q2: How often does MAS update inflation rates?
A: MAS publishes inflation data monthly, with detailed reports available on their official website.

Q3: What's Singapore's historical inflation rate?
A: Singapore's inflation has averaged around 2-3% annually, though it varies by year and economic conditions.

Q4: Why calculate future inflation?
A: It helps with retirement planning, salary negotiations, and understanding future purchasing power.

Q5: Does this account for different inflation rates?
A: This calculator uses a constant rate. For more precise calculations with varying rates, use annual calculations.