Singapore Inflation Rate  1962-2018 | Data | Chart | Calendar | Forecast

Singapore's annual inflation rate edged up up to 0.7 percent in August of 2018 from 0.6 percent in the previous month and matching market consensus. It was the highest rate since May 2017, driven by a faster rise in prices of food while cost of housing and transport fell at a softer pace. On a month-on-month basis, consumer prices rose by 0.4 percent, compared to a 0.1 percent fall in August and marking the highest monthly level in three months. Inflation Rate in Singapore averaged 2.60 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
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Singapore Inflation Rate Rises to 15-Month High in August


Singapore's annual inflation rate edged up to 0.7 percent in August of 2018 from 0.6 percent in the previous month and matching market consensus. It was the highest rate since May 2017, driven by a faster rise in prices of food while cost of housing and transport fell less.

In August, food inflation rose to a 19-month high of 1.7 percent from 1.5 percent in a month earlier. Among food excluding food servicing services, cost increased for: bread & cereals (2.3 percent vs 1.5 percent in July); fish and seafood (2.5 percent vs 2.8 percent); milk, cheese & eggs (1.4 percent vs 1.3 percent); oils & fats (3.9 percent vs 3.1 percent); fruit (3.4 percent vs 2.6 percent); vegetables (0.4 percent vs -0.2 percent); sugar, preserves & confectionary (3.3 percent vs 1.6 percent); non-alcoholic beverages  (2.3 percent vs 1.5 percent); and other food (1.7 percent vs 1.2 percent), while declined only or meat (-0.8 percent vs 0.6 percent). Among food servicing services, inflation rose for restaurant food (1.9 percent vs 1.7 percent), while eased for hawker food including food courts (0.4 percent vs 1.5 percent); and fast food (0.4 percent vs 0.6 percent);  and unchanged for catered food (at 1.7 percent).

Also, prices rose further for miscellaneous goods & services (1.1 percent vs 0.9 percent) and household durables & services (0.7 percent vs 0.5 percent), mainly due to household services & supplies (1.3 percent vs 1.1 percent). Additionally, cost fell at a softer pace for housing & utilities (-0.6 percent vs -1 percent) and transport (-0.2 percent vs -0.3 percent).

On the other hand, prices slowed for recreation & culture (1.6 percent vs 1.7 percent in July), due to holiday expenses (2.7 percent vs 2.8 percent) and dropped for communication (-1.5 percent vs 0.2 percent); and clothing & footwear (-0.6 percent vs 2.3 percent). In addition, inflation was steady for education (at 2.4 percent, the same as in July); and healthcare (at 2 percent).

Core consumer prices, which exclude costs of accommodation and private road transport, increased by 1.9 percent, the same as in July but slightly below expectations of 2 percent.

On a month-on-month basis, consumer prices rose by 0.4 percent, compared to a 0.1 percent fall in August and marking the highest monthly level in three months.


Statistics Singapore l Rida | rida@tradingeconomics.com
9/24/2018 7:46:41 AM


Recent Releases

Singapore Inflation Rate Steady at 0.6% in July
Singapore's annual inflation rate came in at 0.6 percent in July 2018, unchanged from the previous month’s 7-month high, slightly below market consensus of 0.65 percent. Food inflation was steady while housing deflation eased and transports prices fell.
Published on 2018-08-23

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Singapore Inflation Rate at 3-Month Low of 0.1%
Consumer prices in Singapore edged up 0.1 percent year-on-year in April of 2018, easing from a 0.2 percent rise in the prior month while market estimated a 0.3 percent gain. It is the lowest inflation rate since January, as inflation of food was steady while both housing and transport prices fell more than in a month earlier.
Published on 2018-05-23



Calendar GMT Actual Previous Consensus TEForecast
2018-07-23 05:00 AM Inflation Rate YoY 0.6% 0.4% 0.6% 0.6%
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% 0.7%
2018-11-23 05:00 AM Inflation Rate YoY 0.8%
2018-12-26 05:00 AM Inflation Rate YoY 0.9%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.60 34.00 -3.10 percent [+]
Inflation Rate Mom 0.40 -0.10 4.74 -1.87 percent [+]
Consumer Price Index CPI 100.30 99.90 100.30 24.17 Index Points [+]
Core Consumer Prices 104.00 103.90 104.00 63.85 Index Points [+]
Core Inflation Rate 1.90 1.90 3.50 -1.40 percent [+]
GDP Deflator 105.44 107.84 107.84 46.64 Index Points [+]
Producer Prices 87.20 86.90 114.45 65.46 Index Points [+]
Export Prices 90.70 90.50 213.89 81.70 Index Points [+]
Import Prices 88.60 88.60 123.84 73.71 Index Points [+]
Food Inflation 1.70 1.50 15.62 -7.71 percent [+]
Producer Prices Change 12.70 13.30 29.27 -22.20 percent [+]
CPI Housing Utilities 89.90 88.40 101.14 23.39 Index Points [+]
CPI Transportation 98.20 97.80 107.06 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 34.00 -3.10 1962 - 2018 percent Monthly
2014=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.80 Aug/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.40 Sep/18
Japan 1.30 Aug/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.70 Aug/18
United States 2.30 Sep/18


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