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

Consumer prices in Singapore rose 0.4 percent from a year earlier in December of 2017, easing from a 0.6 percent increase in the prior month. The figure was below market expectations of a 0.55 percent rise, as cost of food and transport went up at slower paces while cost of housing & utilities continued to fall. Core consumer prices which exclude costs of accommodation and private road transport increased 1.3 percent, compared to a 1.5 percent rise in November and below market expectations of a 1.5 percent gain. On a month-on-month basis, consumer prices edged down 0.1 percent, after increasing by 0.6 percent in a month earlier. Inflation Rate in Singapore averaged 2.62 percent from 1962 until 2017, 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 Slows to 0.4% in December


Consumer prices in Singapore rose 0.4 percent from a year earlier in December of 2017, easing from a 0.6 percent increase in the prior month. The figure was below market expectations of a 0.55 percent rise, as cost of food and transport went up at slower paces while cost of housing & utilities continued to fall.

Year-on-year, prices went up less than in a month earlier for: food (1.4 percent from 1.5 percent in the previous month). Among food excluding food servicing services, cost increased for most categories : milk, cheese & eggs (0.8 percent); fish & seafood (2.3 percent); oils & fats (2.2 percent); fruits (2.4 percent); sugar, preserves & confectionery (3.7 percent); other food (1 percent); meat (1 percent); non-alcoholic beverages (0.9 percent), and bread & cereals (0.4 percent). Also, among food servicing services, prices went up for all categories: restaurant foods (1.3 percent); fast food (1.5 percent), hawker food including food courts (1.6 percent), and catered food (1.3 percent). Also, prices slowed for transport (1.4 percent from 2.6 percent), largely due to a 2.6 percent rise in private road transport while prices decreased for both other travel & transport (-0.7percent) and public road  transport (-2.1 percent); communication (0.5 percent from 1.5 percent); health (1.9 percent from 2 percent), mainly due to a 2.5 percent rise in medical & dental treatment; recreation & culture (0.4 percent from 0.8 percent), due to a 1.1 percent rise in recreation.
 
On the other hand, cost fell for housing & utilities (-2.3 percent from -2.4 percent, mainly due to a 3.8 percent decline in accomodation); clothing & footwear (-0.2 percent from 0.7 percent).
  
Prices rose faster for household durables & services (1.1 percent from 1 percent, largely due to a 2.5 percent increase in household services & supplies). Also, prices of miscellaneous goods & services rebounded (0.1 percent from -0.4 percent), due to a 1.2 percent rise in personal care and a 2.3 percent increase in other miscellaneous expenditure.
 
Inflation was steady for: education (2.6 from 2.6 percent), due to a 2.6 percent rise in tuition & other fees and a 0.9 percent gain in school textbooks & related study guides.
 
Core consumer prices which exclude costs of accommodation and private road transport, rose 1.3 percent, compared to a 1.5 percent gain in November and below market expectations of a 1.5 percent rise.
 
On a month-on-month basis, consumer prices edged down 0.1 percent, after increasing by 0.6 percent in a month earlier.
 
 
 
 
 


Statistics Singapore l Chusnul Ch Manan | chusnul@tradingeconomics.com
1/23/2018 5:52:47 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-23 05:00 AM Inflation Rate YoY 0.4% 0.4% 0.5% 0.6%
2017-12-26 05:00 AM Inflation Rate YoY 0.6% 0.4% 0.5% 0.6%
2018-01-23 05:00 AM Inflation Rate YoY 0.4% 0.6% 0.55% 0.70%
2018-02-23 05:00 AM Inflation Rate YoY 0.4% 0.4% 0.50%
2018-03-23 05:00 AM Inflation Rate YoY 0.60%
2018-04-23 05:00 AM Inflation Rate YoY 0.60%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.60 34.00 -3.10 percent [+]
Inflation Rate Mom -0.10 0.60 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.70 99.80 100.25 24.17 Index Points [+]
Core Consumer Prices 102.90 102.90 102.90 63.85 Index Points [+]
Core Inflation Rate 1.30 1.50 3.50 -1.40 percent [+]
GDP Deflator 107.74 103.70 107.74 46.64 Index Points [+]
Producer Prices 80.90 81.00 114.45 65.46 Index Points [+]
Export Prices 86.60 86.60 213.89 81.70 Index Points [+]
Import Prices 83.90 84.20 123.84 73.71 Index Points [+]
Food Inflation 1.40 1.50 15.62 -7.71 percent [+]
Producer Prices Change 0.60 5.40 29.27 -22.20 percent [+]
CPI Housing Utilities 89.40 89.62 101.14 23.39 Index Points [+]
CPI Transportation 99.70 100.00 107.06 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.60 34.00 -3.10 1962 - 2017 percent Monthly
2014=100




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.86 Jan/18
Canada 1.90 Dec/17
China 1.50 Jan/18
Euro Area 1.30 Jan/18
France 1.30 Jan/18
Germany 1.60 Jan/18
India 5.07 Jan/18
Indonesia 3.25 Jan/18
Italy 0.90 Jan/18
Japan 1.00 Dec/17
Mexico 5.55 Jan/18
Netherlands 1.50 Jan/18
Russia 2.20 Jan/18
South Korea 1.00 Jan/18
Spain 0.60 Jan/18
Switzerland 0.70 Jan/18
Turkey 10.35 Jan/18
United Kingdom 3.00 Jan/18
United States 2.10 Jan/18


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