Food prices in Singapore increased 1.5 percent year-on-year in March 2020, slowing from a 1.6 percent gain in the prior month, the lowest since last September.Within food excluding food servicing services, prices rose softer for fish & seafood (0.5 percent vs 0.6 percent in February); fruits (0.2 percent vs 2.0 percent).Meantime, prices continued to increase for bread & cereals (2.0 percent vs 1.8 percent); meat (4.5 percent vs 3.2 percent). In addition, oils & fats prices dropped more (-2.0 percent vs -0.8 percent) while those of milk, cheese & eggs prices fell softer (-0.4 percent -1.7 percent)). Among food servicing services, cost rose further for restaurant food (1.7 percent vs 2.0 percent), fast-food (1.7 percent vs 1.6 percent), hawker food prices (1.4 percent vs 1.2 percent), and catered food (2.2 percent vs 2.2 percent).
Food Inflation in Singapore averaged 2.86 percent from 1962 until 2020, 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 May of 2020. source: Statistics Singapore
Food Inflation in Singapore is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Singapore to stand at 1.70 in 12 months time. In the long-term, the Singapore Food Inflation is projected to trend around 1.70 percent in 2021, according to our econometric models.