Singapore Inflation Rate  1962-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Singapore increased 0.4 percent from a year earlier in September of 2017, the same pace as in the prior month and line with market expectations. The inflation figure remained the lowest since April, as cost of transport increased at a slower pace while food inflation was similar from the preceding month. Core consumer prices which exclude costs of accommodation and private road transport, rose 1.5 percent from 1.4 percent in August and above estimates of 1.4 percent. On a month-on-month basis, consumer prices were flat, after increasing 0.3 percent in a month earlier. Inflation Rate in Singapore averaged 2.63 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 Steady at 0.4% in September


Consumer prices in Singapore increased 0.4 percent from a year earlier in September of 2017, the same pace as in the prior month and line with market expectations. The inflation figure remained the lowest since April, as food inflation was similar to the preceding month while cost of transport increased at a slower pace.

Year-on-year, prices went up less than in a month earlier for: clothing & footwear (0.5 percent from 1.6 percent in August); transport (1.1 percent from 1.4 percent, largely due to a 2.1 percent rise in private road transport); household durables & services (0.8 percent from 1.2 percent, largely due to a 2.1 percent increase in household services & supplies).
 
Cost rose at faster pace for: miscellaneous goods & services (0.7 percent from 0.1 percent, due to a 0.4 percent rise in alcoholic drinks & tobacco, a 3.4 percent rise in personal effects and a 1.9 percent increase in other miscellaneous expenditure); recreation & culture (0.4 percent from 0.3 percent, due to a 0.8 percent rise in recreation) and communication (1.3 percent from 0.1 percent).
 
Inflation was steady for education (2.7 percent), due to a 2.7 percent rise in tuition & other fees and a 0.9 percent gain in school textbooks & related study guides. Also, inflation of health care was steady (2.5 percent), mainly due to a 3.3 percent rise in medical & dental treatment.
 
Prices of food rose 1.2 percent, the same pace as in the previous month. Among food excluding food servicing services, cost increased for milk, cheese & eggs (0.4 percent); fish & seafood (2.8 percent); oils & fats (3.3 percent), fruits (1.6 percent); sugar, preserves & confectionery (1.2 percent); vegetables (3 percent), and other food (0.5 percent). Meantime prices were flat for meat; non-alcoholic beverages. In contrast, cost fell for bread & cereals (-0.7 percent). Among food servicing services, prices increased for all categories: restaurant foods (0.7 percent), fast food (0.9 percent), hawker food including food courts (1.7 percent), and catered food (1.7 percent).
 
On the other hand, cost fell for housing & utilities (-2.3 percent from -2.3 percent, mainly due to a 3.9 percent decline in accommodation).

Core consumer prices which exclude costs of accommodation and private road transport, rose 1.5 percent from 1.4 percent in August and above estimates of 1.4 percent
 
On a month-on-month basis, consumer prices were flat, after increasing 0.3 percent in a month earlier.
 
 
 

Statistics Singapore | Chusnul Ch Manan | chusnul@tradingeconomics.com
10/23/2017 10:16:49 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-23 05:00 AM Inflation Rate YoY 0.6% 0.5% 0.8% 0.9%
2017-09-25 05:00 AM Inflation Rate YoY 0.4% 0.6% 0.6% 0.6%
2017-10-23 05:00 AM Inflation Rate YoY 0.4% 0.4% 0.4% 0.5%
2017-11-23 05:00 AM Inflation Rate YoY 0.4% 0.6%
2017-12-26 05:00 AM Inflation Rate YoY 0.8%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.40 34.00 -3.10 percent [+]
Inflation Rate Mom 0.00 0.30 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.56 99.55 100.25 24.17 Index Points [+]
Core Consumer Prices 102.40 102.30 102.40 63.85 Index Points [+]
Core Inflation Rate 1.50 1.40 3.50 -1.40 percent [+]
GDP Deflator 101.92 104.54 104.73 46.64 Index Points [+]
Producer Prices 77.30 76.60 114.45 65.46 Index Points [+]
Export Prices 84.40 84.40 213.89 81.70 Index Points [+]
Import Prices 81.10 80.60 123.84 73.71 Index Points [+]
Food Inflation 1.20 1.20 15.62 -7.71 percent [+]
Producer Prices Change 5.75 4.79 29.27 -22.20 percent [+]
CPI Housing Utilities 90.20 90.40 101.14 23.39 Index Points [+]
CPI Transportation 98.10 98.40 107.06 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 2017.

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




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.54 Sep/17
Canada 1.60 Sep/17
China 1.60 Sep/17
Euro Area 1.50 Sep/17
France 1.00 Sep/17
Germany 1.80 Sep/17
India 3.28 Sep/17
Indonesia 3.72 Sep/17
Italy 1.10 Sep/17
Japan 0.70 Aug/17
Mexico 6.35 Sep/17
Netherlands 1.50 Sep/17
Russia 3.00 Sep/17
South Korea 2.10 Sep/17
Spain 1.80 Sep/17
Switzerland 0.70 Sep/17
Turkey 11.20 Sep/17
United Kingdom 3.00 Sep/17
United States 2.20 Sep/17