Singapore's annual inflation rate came in at 0.7 percent in September of 2018, unchanged from the previous month and slightly below market consensus of 0.8 percent. Prices rose less mainly for food, clothing & footwear and recreation & culture. Meanwhile, inflation picked up for education and cost dropped at a slower pace for housing and transport. On a month-on-month basis, consumer prices were flat, after a 0.4 percent gain in August. Inflation Rate in Singapore averaged 2.59 percent from 1962 until 2018, reaching an all time high of 34 percent in March of 1974 and a record low of -3.10 percent in September of 1976.

Singapore Inflation Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Singapore September Inflation Rate Below Estimates


Singapore's annual inflation rate came in at 0.7 percent in September of 2018, unchanged from the previous month but below market consensus of 0.8 percent. Prices rose less mainly for food, clothing & footwear and recreation & culture. Meanwhile, inflation picked up for education and cost dropped at a slower pace for housing and transport.

In September, food inflation eased to 1.6 percent from 1.7 percent in a month earlier. Among food excluding food servicing services, cost increased less for: oils & fats (0.7 percent vs 3.9 percent in August); fruit (3.3 percent vs 3.4 percent); sugar, preserves & confectionery (1.7 percent vs 3.3 percent) and non-alcoholic beverages(2.2 percent vs 2.3 percent) and declined for both vegetables (-1.1 percent vs 0.4 percent) and meat (-0.3 percent vs -0.8 percent). Conversely, prices advanced further for bread & cereals (2.9 percent vs 2.3 percent); milk, cheese & eggs (1.5 percent vs 1.4 percent); and other food (2.1 percent vs 1.7 percent). Among food servicing services, inflation rose for restaurant food (2.0 percent vs 1.9 percent), hawker food including food courts (1.6 percent vs 0.4 percent); while eased for fast food (0.2 percent vs 0.4 percent); and was unchanged for catered food (at 1.7 percent).

Also, inflation slowed for clothing & footwear (1.8 percent vs 2.8 percent) and recreation & culture (1.2 percent vs 1.6 percent), due to holiday expenses (2.7 percent, the same as in the prior month). Meantime, inflation was steady for miscellaneous goods & services (at 1.1 percent) and healthcare (at 2 percent).

Meanwhile, prices went up faster for education (2.9 percent vs 2.4 percent) and household durables & services (0.8 percent vs 0.7 percent), mainly due to household services & supplies (1.3 percent, the same as in August). 

In addition, prices fell at a slower pace for housing & utilities (-0.5 percent vs -0.6 percent) and transport (-0.1 percent vs -0.2 percent) but more for communication (-1.6 percent vs -1.5 percent).

The annual core inflation, which exclude costs of accommodation and private road transport, eased to 1.8 percent in September 2018 from 1.9 percent in August and slightly below expectations of 1.9 percent.

On a month-on-month basis, consumer prices were flat, after a 0.4 percent rise in August.
 
 
 


Statistics Singapore l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/23/2018 11:10:22 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-23 05:00 AM Inflation Rate YoY 0.6% 0.6% 0.65% 0.5%
2018-09-24 05:00 AM Inflation Rate YoY 0.7% 0.6% 0.7% 0.6%
2018-10-23 05:00 AM Inflation Rate YoY 0.7% 0.7% 0.8% 0.7%
2018-11-23 05:00 AM Inflation Rate YoY 0.7% 0.8%
2018-12-26 05:00 AM Inflation Rate YoY 0.9%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.70 34.00 -3.10 percent [+]
Inflation Rate Mom 0.00 0.40 4.74 -1.87 percent [+]
Consumer Price Index CPI 100.30 100.30 100.30 24.17 Index Points [+]
Core Consumer Prices 105.00 104.00 105.00 63.85 Index Points [+]
Core Inflation Rate 1.80 1.90 3.50 -1.40 percent [+]
GDP Deflator 105.44 107.84 107.84 46.64 Index Points [+]
Producer Prices 88.10 87.20 114.45 65.46 Index Points [+]
Export Prices 91.20 90.50 213.89 81.70 Index Points [+]
Import Prices 89.50 88.60 123.84 73.71 Index Points [+]
Food Inflation 1.60 1.70 15.62 -7.71 percent [+]
Producer Prices Change 12.10 12.80 29.27 -22.20 percent [+]
CPI Housing Utilities 89.80 89.90 101.14 23.39 Index Points [+]
CPI Transportation 98.00 98.20 107.06 20.22 Index Points [+]


Singapore Inflation Rate

In Singapore, the most important categories in the consumer price index are housing (25 percent of total weight) and food (22 percent). The index also includes: transport (16 percent), education (7 percent), health (6 percent), communication (5 percent) and clothing and footwear (3 percent). Recreation, alcoholic beverages, tobacco and others account for the remaining 16 percent of total weight. This page provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 34.00 -3.10 1962 - 2018 percent Monthly
2014=100




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


Related

Latest