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

Consumer prices in Singapore rose 0.4 percent from a year earlier in August of 2017, following a 0.6 percent rise in the prior month while market expected a 0.6 percent increase. It was the lowest inflation rate since April, as cost of food and transport increased at slower paces while cost of housing & utilities continued to fall. Core consumer prices which exclude costs of accommodation and private road transport, rose 1.4 percent from 1.6 percent in July and below estimates of 1.6 percent. It was the lowest figure since March. On a month-on-month basis, consumer prices went up 0.3 percent, after declining 0.2 percent in a month earlier. Inflation Rate in Singapore averaged 2.64 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 at 4-Month Low of 0.4% in August


Consumer prices in Singapore rose 0.4 percent from a year earlier in August of 2017, following a 0.5 percent rise in the prior month while market expected a 0.6 percent increase. It was the lowest inflation rate since April, as cost of food and transport increased at slower paces while cost of housing & utilities continued to fall.

Year-on-year, prices went up less than in a month earlier for: clothing & footwear (1.6 percent from 2.6 percent in August); health care (2.5 percent from 2.9 percent, mainly due to a 3.3 percent rise in medical & dental treatment) and transport (1.4 percent from 2.0 percent, largely due to a 2.6 percent rise in private road transport). Cost also rose at softer rate for: miscellaneous goods & services (0.1 percent from 0.5 percent, due to a 0.1 percent rise in alcoholic drinks & tobacco, a 2.8 percent rise in personal effects and a 1.9 percent increase in other miscellaneous expenditure); education (2.7 percent from 2.8 percent, due to a 2.7 percent rise in tuition & other fees and a 0.9 percent gain in school textbooks & related study guides) and communication (0.1 percent from 0.3 percent). 

Cost increased more for household durables & services (1.2 percent from 1.0 percent, largely due to a 2.2 percent increase in household services & supplies), while rebounded for recreation & culture (0.3 percent from -0.1 percent, due to a 0.4 percent rise in recreation & entertainment, a 0.2 percent increase in newspapers, books & stationery and a 0.2 percent in holiday expenses.

On the other hand, cost fell for housing & utilities  (-2.3 percent from -2.5 percent, mainly due to a 3.9 percent decline in accommodation). 

Prices of food rose 1.2 percent, compared to a 1.4 percent gain in the previous two months. Among food excluding food servicing services, cost increased for bread & cereals (0.6 percent); meat (1.2 percent); milk, cheese & eggs (0.4 percent); fish & seafood (2.5 percent); oils & fats (0.9 percent), fruits (2.6 percent); sugar, preserves & confectionery (0.6 percent), non-alcoholic beverages (0.6 percent) and other food (1.2 percent).  In contrast, cost fell for vegetables (-0.1 percent). Among food servicing services, prices increased for all categories: restaurant foods (0.8 percent), fast food (0.3 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, rose 1.4 percent from 1.6 percent  in July and below estimates of 1.6 percent. It was the lowest figure since March.

On a month-on-month basis, consumer prices went up 0.3 percent, after declining 0.2 percent in  a month earlier.

Statistics Singapore l Rida Husna | rida@tradingeconomics.com
9/25/2017 5:48:18 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-24 05:00 AM Inflation Rate YoY 0.5% 1.4% 0.7% 0.7%
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% 0.5%
2017-11-23 05:00 AM Inflation Rate YoY 0.6%
2017-12-26 05:00 AM Inflation Rate YoY 0.8%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.60 34.00 -3.10 percent [+]
Inflation Rate Mom 0.30 -0.20 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.55 99.22 100.25 24.17 Index Points [+]
Core Consumer Prices 102.30 102.30 102.35 63.85 Index Points [+]
Core Inflation Rate 1.40 1.60 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 1.40 15.62 -7.71 percent [+]
Producer Prices Change 5.75 4.79 29.27 -22.20 percent [+]
CPI Housing Utilities 90.40 89.24 101.14 23.39 Index Points [+]
CPI Transportation 98.40 98.10 107.06 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 0.60 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