Singapore's annual inflation rate came in at 0.7 percent in October 2018, unchanged from the previous month and slightly below market consensus of 0.8 percent. Food prices rose at a slower pace while cost of housing and transport continued to fall. 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.

Inflation Rate in Singapore is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Singapore to stand at 1.50 in 12 months time. In the long-term, the Singapore Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

Singapore Inflation Rate
width
height
Forecast Data Chart
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.


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% 0.7% 0.8% 0.8%
2018-12-24 05:00 AM Inflation Rate YoY 0.7% 0.9%
2019-01-23 05:00 AM Inflation Rate YoY 1%
2019-02-25 05:00 AM Inflation Rate YoY



Singapore Inflation Rate Unchanged in October



Singapore's annual inflation rate came in at 0.7 percent in October 2018, unchanged from the previous month and slightly below market consensus of 0.8 percent. Food prices rose at a slower pace while cost of housing and transport continued to fall.

Food inflation eased to 1.4 percent in October from 1.6 percent a month earlier. Among food excluding food servicing services, cost increased less for bread & cereals (1.8 percent vs 2.9 percent in September) and fruits (2.8 percent vs 3.3 percent); and declined for both vegetables (-1.6 percent vs -1.1 percent) and meat (-0.4 percent vs -0.3 percent). By contrast, prices increased further for oils & fats (2.7 percent vs 0.7 percent), and milk, cheese & eggs (1.8 percent vs 1.5 percent). Among food servicing services, inflation eased for restaurant food (1.8 percent vs 2.0 percent) and hawker food including food courts (1.5 percent vs 1.6 percent).

Also, inflation slowed for clothing & footwear (1.2 percent vs 1.8 percent); healthcare (1.8 percent vs 2 percent); and recreation & culture (1.0 percent vs 1.2 percent); and was steady for miscellaneous goods & services (at 1.1 percent). In addition, prices continued to fall for housing & utilities (-0.2 percent vs -0.5 percent), transport (-0.5 percent vs -0.1 percent) and communication (-1.2 percent vs -1.6 percent). Meanwhile, prices went up faster for education (3.2 percent vs 2.9 percent) and household durables & services (0.9 percent vs 0.8 percent).

Annual core inflation, which exclude costs of accommodation and private road transport, edged up to 1.9 percent in October 2018 from 1.8 percent in September and matching expectations.

On a month-on-month basis, consumer prices fell 0.3 percent in October, after a flat reading in September.


Statistics Singapore | Chusnul Ch Manan | chusnul@tradingeconomics.com
11/23/2018 3:38:52 PM



Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.70 34.00 -3.10 percent [+]
Inflation Rate Mom -0.30 0.00 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.90 100.30 100.30 24.17 Index Points [+]
Core Consumer Prices 105.20 105.00 105.20 63.85 Index Points [+]
Core Inflation Rate 1.90 1.80 3.50 -1.40 percent [+]
GDP Deflator 106.03 105.59 107.74 46.64 Index Points [+]
Producer Prices 89.40 88.10 114.45 65.46 Index Points [+]
Export Prices 92.40 91.20 213.89 81.70 Index Points [+]
Import Prices 90.80 89.50 123.84 73.71 Index Points [+]
Food Inflation 1.40 1.60 15.62 -7.71 percent [+]
Producer Prices Change 12.40 12.10 29.27 -22.20 percent [+]
CPI Housing Utilities 88.20 89.80 101.14 23.39 Index Points [+]
CPI Transportation 98.00 98.00 107.06 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 December 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 Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 1.70 Nov/18
China 2.20 Nov/18
Euro Area 1.90 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.30 Nov/18
United States 2.20 Nov/18


Related

Latest