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

Consumer prices in Singapore rose 0.4 percent year-on-year in April of 2017, following a 0.7 percent increase in March while markets expected a 0.7 percent gain. It was the lowest inflation rate since December 2016, mainly driven by lower cost of housing. In contrast, prices accelerated for food and transport. Core consumer prices which exclude costs of accommodation and private road transport, went up 1.7 percent, faster than a 1.2 percent gain in the prior month and above market expectations of 1.3 percent rise. It was the highest core inflation rate since October 2014. On a month-on-month basis, consumer prices fell 0.3 percent, compared to a flat reading in March. Inflation Rate in Singapore averaged 2.65 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-23 05:00 AM Feb 0.7% 0.6% 0.7% 1%
2017-04-24 05:00 AM Mar 0.7% 0.7% 0.7% 0.8%
2017-05-23 05:00 AM Apr 0.4% 0.7% 0.7% 0.8%
2017-06-23 05:00 AM May 0.4% 1.2%
2017-07-25 05:00 AM Jun 0.8%
2017-08-23 05:00 AM Jul 1.1%




Singapore Inflation Rate At 4-Month Low of 0.4%


Consumer prices in Singapore rose 0.4 percent year-on-year in April of 2017, compared to a 0.7 percent rise in March and below market expectations of 0.7 percent gain. It was the lowest inflation rate since December 2016, mainly driven by lower cost of housing. In contrast, prices accelerated for food and transport. On a month-on-month basis, consumer prices fell 0.3 percent, compared to a flat reading in March.

Year-on-year, prices rose for:  clothing & footwear (0.5 percent from -0.2 percent in the prior month), household durables & services (0.8 percent from 1.6 percent, largely due to a  1.9 percent increase in household services & supplies); health care (3.0 percent from 2.8 percent, mainly driven by a 3.6 percent rise in medical & dental treatment and a 0.8 percent gain in medical products, appliances & equipment); transport (4.7 percent from 4.5 percent, mainly due to a 7.0 percent rise in private road transport and a 1.4 percent rise in other travel & transport); recreation & culture (0.3 percent from 0.3 percent, largely due to a 0.2 percent increase in newspapers, book & stationery and a 1.0 percent growth in holiday expenses); education (3.2 percent from 3.6 percent, due to a 3.2 percent rise in tuition & other fees and a 0.1 percent increase in school textbooks & related study guides) and miscellaneous goods & services (0.1 percent from 0.2 percent. In contrast, cost of housing & utilities  fell 4.6 percent, faster than a -3.2 percent drop in March, largely due to a 6.7 percent drop in accommodation).
 
Prices of food rose 1.3 percent in April, the same as in the previous two months. Among food excluding food servicing services, cost increased for bread & cereals (0.3 percent); fish & seafood (3.5 percent); milk, cheese & eggs (1.1 percent); fruits (2.1 percent); sugar, preserves & confectionery (0.9 percent); other food (1.7 percent), and meat (0.5 percent ).
 
In contrast, prices fell for oils & fats (-1.9 percent), vegetables (-0.1 percent), and non-alcoholic beverages (-0.6 percent). Among food servicing services, prices increased for all categories: restaurant foods (1.2 percent), fast food (0.9 percent), hawker food including food courts (1.7 percent) and catered food (1.7 percent).
 
Core consumer prices, which exclude costs of accommodation and private road transport, went up 1.7 percent year-on-year, compared to a 1.2 percent rise in the prior month and above market expectations of 1.3 percent rise. It was the highest figure since October 2014. 
 
On a month-on-month basis, consumer prices decreased 0.3 percent, compared to a flat reading in March.

Statistics of Singapore l Chusnul Ch Manan| chusnul@tradingeconomics.com
5/23/2017 10:06:34 AM



Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.70 34.00 -3.10 percent [+]
Inflation Rate Mom -0.30 0.00 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.26 99.56 100.25 24.17 Index Points [+]
Core Consumer Prices 102.35 101.90 102.35 63.85 Index Points [+]
Core Inflation Rate 1.70 1.20 3.50 -1.40 percent [+]
GDP Deflator 104.54 103.49 104.73 46.64 Index Points [+]
Producer Prices 81.30 81.50 114.45 65.46 Index Points [+]
Export Prices 86.60 88.00 196.09 81.70 Index Points [+]
Import Prices 82.40 84.20 121.21 72.14 Index Points [+]
Food Inflation 1.30 1.30 15.62 -7.71 percent [+]
Producer Prices Change 10.70 15.30 29.27 -22.20 percent [+]
Cpi Housing Utilities 89.00 91.13 101.14 23.39 Index Points [+]
Cpi Transportation 95.17 98.80 107.06 20.22 Index Points [+]


Singapore Inflation Rate Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.70 34.00 -3.10 1962 - 2017 percent Monthly
2014=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 4.08 Apr/17
Canada 1.60 Apr/17
China 1.20 Apr/17
Euro Area 1.90 Apr/17
France 1.20 Apr/17
Germany 2.00 Apr/17
India 2.99 Apr/17
Indonesia 4.17 Apr/17
Italy 1.90 Apr/17
Japan 0.40 Apr/17
Mexico 5.82 Apr/17
Netherlands 1.60 Apr/17
Russia 4.10 Apr/17
South Korea 1.90 Apr/17
Spain 2.60 Apr/17
Switzerland 0.40 Apr/17
Turkey 11.87 Apr/17
United Kingdom 2.70 Apr/17
United States 2.20 Apr/17