Food prices in Singapore increased by 2.4% year-on-year in November 2024, slowing from a 2.6% rise in the previous month and pointing to the softest gain since February 2022. Within food, excluding food servicing services, cost continued to rise for bread & cereals (3.2% vs 3.0% in October), milk, cheese & eggs (0.3% vs 0.3%), fruits (1.8% vs 3.8%), non-alcoholic beverages (2.4% vs 1.5%), oils & fats (3.3% vs 2.3%), vegetables (3.1% vs 4.5%), sugar, preserves & confectionery (2.7% vs 0.3%), and other food (2.2% vs 2.4%). In contrast, prices fell meat (-0.9% vs 0.1%) and fish & seafood (-4.9% vs -4.4%). Among food servicing services, prices grew further for restaurant foods (3.5% vs 3.7%), fast foods (3.4% vs 4.4%), hawker food (2.8% vs 2.9%), and catered food (2.6% vs 2.6%). source: Statistics Singapore
Cost of food in Singapore increased 2.40 percent in November of 2024 over the same month in the previous year. Food Inflation in Singapore averaged 2.91 percent from 1962 until 2024, reaching an all time high of 60.30 percent in November of 1973 and a record low of -7.90 percent in August of 1976. This page provides the latest reported value for - Singapore Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Food Inflation - values, historical data and charts - was last updated on January of 2025.
Cost of food in Singapore increased 2.40 percent in November of 2024 over the same month in the previous year. Food Inflation in Singapore is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.