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

Singapore's consumer price inflation rose to 0.6 percent year-on-year in June 2018 from 0.4 percent in the previous month, matching market consensus. It was the highest rate since last November, mainly boosted by higher prices of food and transport while housing deflation eased. Inflation Rate in Singapore averaged 2.60 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 Rises to 7-Month High in June


Singapore's consumer price inflation rose to 0.6 percent year-on-year in June 2018 from 0.4 percent in the previous month, matching market consensus. It was the highest rate since last November, mainly boosted by higher prices of food and transport while housing deflation eased.

Food inflation increased to a four-month high of 1.5 percent in June, from 1.3 percent in the prior month. Among food excluding food servicing services, cost went up mainly for: bread & cereals (2.1 percent vs 1 percent); meat (0.5 percent vs 0.1 percent); fish and seafood (3.5 percent vs 1.8 percent); milk, cheese & eggs (1.8 percent vs 1.3 percent); oils & fats (4.1 percent vs 3.4 percent); and fruits (1.2 percent vs 1.4 percent). By contrast, vegetables prices continued to drop (-1.5 percent vs -1.1 percent). Among food servicing services, inflation was unchanged for all categories: hawker food including food courts (at 1.6 percent); restaurant food (at 1.7 percent); fast food (at 0.1 percent); and catered food (at 0.3 percent).

Additional upward pressure came from: transport (0.3 percent vs unchanged in May) driven in particular by private road transport cost (0.4 percent vs 0.1 percent); recreation & culture (1.4 percent vs 1.2 percent) due to holiday expenses (2.4 percent vs 2.1 percent) and recreation & entertainment (0.6 percent vs 0.5 percent); education (2.9 percent, the same as in May); healthcare (2.4 percent vs 2.3 percent); miscellaneous goods & services (1.2 percent vs 1.1 percent); household durables & services (0.9 percent vs 0.8 percent); communication (0.2 percent vs -0.8 percent); and clothing & footwear (1.5 percent vs 0.6 percent).

On the other hand, housing & utilities prices fell at a softer pace (-1.8 percent vs -2 percent).

Core consumer prices, which exclude costs of accommodation and private road transport, increased by 1.7 percent in June, beating market expectations of 1.5 percent and following a 1.5 percent gain in May.

On a month-on-month basis, consumer prices edged up 0.1 percent in June, easing from a 0.6 percent rise a month earlier. 


Statistics Singapore | Rida | rida@tradingeconomics.com
7/23/2018 9:08:26 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-23 05:00 AM Inflation Rate YoY 0.1% 0.2% 0.3% 0.5%
2018-06-25 05:00 AM Inflation Rate YoY 0.4% 0.1% 0.3% 0.6%
2018-07-23 05:00 AM Inflation Rate YoY 0.6% 0.4% 0.6% 0.6%
2018-08-23 05:00 AM Inflation Rate YoY 0.6% 0.6% 0.5%
2018-09-25 05:00 AM Inflation Rate YoY 0.6%
2018-10-23 05:00 AM Inflation Rate YoY 0.7%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.60 0.40 34.00 -3.10 percent [+]
Inflation Rate Mom 0.10 0.60 4.74 -1.87 percent [+]
Consumer Price Index CPI 100.00 99.90 100.25 24.17 Index Points [+]
Core Consumer Prices 103.50 103.50 103.90 63.85 Index Points [+]
Core Inflation Rate 1.70 1.50 3.50 -1.40 percent [+]
GDP Deflator 105.44 107.84 107.84 46.64 Index Points [+]
Producer Prices 85.90 85.30 114.45 65.46 Index Points [+]
Export Prices 89.90 89.30 213.89 81.70 Index Points [+]
Import Prices 88.20 87.80 123.84 73.71 Index Points [+]
Food Inflation 1.50 1.30 15.62 -7.71 percent [+]
Producer Prices Change 11.60 8.60 29.27 -22.20 percent [+]
CPI Housing Utilities 89.10 89.10 101.14 23.39 Index Points [+]
CPI Transportation 98.30 98.60 107.06 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.40 34.00 -3.10 1962 - 2018 percent Monthly
2014=100




inflation rate by Country
Country Last
Australia 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 2.50 Jun/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.50 Jul/18
United States 2.90 Jul/18


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