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

Consumer prices in Singapore rose by 0.5 percent year-on-year in February of 2018, compared to a flat reading in the prior month while market estimated a 0.45 percent gain. It is the highest inflation rate since November 2017, mainly due to a faster rise in cost of food during Lunar New Year festival. Core consumer prices which exclude costs of accommodation and private road transport, increased by 1.7 percent, following a 1.4 percent gain in January and slightly above expectations of a 1.6 percent rise. It is the highest level since April 2017. On a month-on-month basis, consumer prices went up 0.5 percent in February, reversing sharply from a 0.2 percent fall in a month earlier. Inflation Rate in Singapore averaged 2.62 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 at 3-Month High of 0.5% in February


Consumer prices in Singapore rose by 0.5 percent year-on-year in February of 2018, compared to a flat reading in the prior month while market estimated a 0.45 percent gain. It was the highest inflation rate since November 2017, mainly due to a faster rise in cost of food during Lunar New Year festival.

In February, prices of food advanced 1.5 percent from a year earlier, faster than a 1.1 percent rise in January. It was the highest food inflation in three months. Among food excluding food servicing services, cost increased for most categories: meat (0.4 percent); milk, cheese & eggs (7.3 percent); oils & fats (2.9 percent); sugar, preserves & confectionery (0.7 percent) and other food (0.6 percent). Meantime, prices were flat for vegetables while declined for bread & cereals (-0.1 percent) and non-alcoholic beverages (-0.1 percent). Among food servicing services, prices went up for all categories: restaurant foods (1.7 percent); fast food (0.6 percent), hawker food including food courts (1.4 percent) and catered food (1 percent). 

In addition, cost went up at a faster pace for healthcare (2.5 percent from 2.3 percent in January), mainly due to a 2.7 percent rise in medical & dental treatment and a 1.5 percent gain in medical products, appliances & equipment) and recreation & culture (1.6 percent from 0.8 percent), driven by a 1 percent rise in recreation & entertainment and a 2.5 percent rise in holiday expenses. Also, cost of education rose by 2.9 percent, following a 2.8 percent rise in the preceding month, due to a 3 percent rise in tuition & other fees and a 0.3 percent gain in school textbooks & related study guides. 

Meanwhile, cost rose less for: transport (0.6 percent from 0.7 percent), largely due to a 0.6 percent rise in private road transport and a 4.5 percent increase in other travel & transport; household durables & services (0.8 percent from 1.2 percent, largely due to a 1.7 percent increase in household services & supplies) and miscellaneous goods & services (0.4 percent from 0.5 percent), due to a 1.5 percent rise in personal care, a 0.6 percent increase in alcoholic drinks & tobacco and a 0.3 percent rise in other miscellaneous expenditure. Also, cost of clothing & footwear went up by 0.7 percent, slowing from a 1 percent rise in January.

On the other hand, cost fell for housing & utilities (-2.1 percent from -3.6 percent, mainly due to a 3.6 percent decline in accomodation) and communication (-0.1 percent from a flat reading in the preceding month).

Core consumer prices which exclude costs of accommodation and private road transport, increased by 1.7 percent, following a 1.4 percent gain in January and slightly above expectations of 1.6 percent. It is the highest level since April 2017.

On a month-on-month basis, consumer prices went up 0.5 percent in February, reversing sharply from a 0.2 percent fall in a month earlier and reaching the first monthly rise in three months.


Statistics Singapore l Rida Husna | rida@tradingeconomics.com
3/23/2018 7:01:22 AM



Calendar GMT Actual Previous Consensus TEForecast
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% 0.4% 0.4% 0.50%
2018-03-23 05:00 AM Inflation Rate YoY 0.5% 0.0% 0.45% 0.2%
2018-04-23 05:00 AM Inflation Rate YoY 0.5% 0.5% 0.5%
2018-05-23 05:00 AM Inflation Rate YoY 0.5%
2018-06-25 05:00 AM Inflation Rate YoY 0.6%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.50 0.00 34.00 -3.10 percent [+]
Inflation Rate Mom 0.50 -0.20 4.74 -1.87 percent [+]
Consumer Price Index CPI 100.00 99.52 100.25 24.17 Index Points [+]
Core Consumer Prices 103.30 103.10 103.30 63.85 Index Points [+]
Core Inflation Rate 1.70 1.40 3.50 -1.40 percent [+]
GDP Deflator 107.74 103.70 107.74 46.64 Index Points [+]
Producer Prices 80.80 81.50 114.45 65.46 Index Points [+]
Export Prices 86.20 86.80 213.89 81.70 Index Points [+]
Import Prices 84.20 84.40 123.84 73.71 Index Points [+]
Food Inflation 1.50 1.10 15.62 -7.71 percent [+]
Producer Prices Change -0.80 -0.20 29.27 -22.20 percent [+]
CPI Housing Utilities 89.50 88.33 101.14 23.39 Index Points [+]
CPI Transportation 98.90 99.19 107.06 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.00 34.00 -3.10 1962 - 2018 percent Monthly
2014=100




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Mar/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.80 Mar/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.20 Mar/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


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