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

Consumer prices in Singapore edged up 0.1 percent year-on-year in April of 2018, easing from a 0.2 percent rise in the prior month while market estimated a 0.3 percent gain. It is the lowest inflation rate since January, as inflation was steady for food while both housing and transport prices fell more than in a month earlier. Core consumer prices which exclude costs of accommodation and private road transport, went up by 1.3 percent, following a 1.5 percent gain in March and slightly below expectations of a 1.4 percent rise. On a month-on-month basis, consumer prices declined by 0.5 percent in April from a 0.2 percent fall in a month earlier. Inflation Rate in Singapore averaged 2.61 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 Low of 0.1%


Consumer prices in Singapore edged up 0.1 percent year-on-year in April of 2018, easing from a 0.2 percent rise in the prior month while market estimated a 0.3 percent gain. It is the lowest inflation rate since January, as inflation of food was steady while both housing and transport prices fell more than in a month earlier.

In April, prices of food advanced 1.4 percent from a year earlier, the same pace as in March. Among food excluding food servicing services, cost increased for: milk, cheese & eggs (0.7 percent); oils & fats (4.5 percent); sugar, preserves & confectionery (2.5 percent); other food (0.8 percent); non-alcoholic beverages (2.1 percent); fish and seafood (1.9 percent) and bread & cereals (0.5 percent) while prices were unchanged for vegetables. Among food servicing services, prices went up for all categories: restaurant foods (1.7 percent); fast food (0.1 percent); hawker food including food courts (1.7 percent), and catered food (0.3 percent).

Meantime, cost went up at a slower pace for: healthcare (2 percent from 2.1 percent in March); education (2.9 percent from 3 percent, due to a 3 percent rise in tuition & other fees and a 0.3 percent gain in school textbooks & related study guides); miscellaneous goods & services (0.5 percent from 1 percent). Also, prices of household durables & services went up by 0.7 percent (the same as in the prior month). In addition, cost fell more for transport (-0.7 percent from -0.5 percent), largely due to a 0.8 percent drop in private road transport and a 1.1 percent decrease in public road transport; and housing & utilities (-2.3 percent from -2 percent, mainly due to a 3.6 percent decline in accomodation); and communication (-1.3 percent from -0.3 percent).

On the other hand, inflation ticked up for recreation & culture (0.7 percent from 0.6 percent), driven by a 0.4 percent rise in recreation & entertainment,  a 0.1 percent increase in newspapers an entertainment, and a 1.1 percent rise in holiday expenses.

Core consumer prices which exclude costs of accommodation and private road transport, increased by 1.3 percent, following a 1.5. percent gain in February and slightly below expectations of 1.4 percent. It is the lowest inflation since March 2017.

On a month-on-month basis, consumer prices declined by 0.5 percent in April, compared to a 0.2 percent fall in a month earlier.
 
 
 
 
 



Statistics Singapore l Chusnul Ch Manan | chusnul@tradingeconomics.com
5/23/2018 11:18:20 AM



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


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.10 0.20 34.00 -3.10 percent [+]
Inflation Rate Mom -0.50 -0.20 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.30 99.80 100.25 24.17 Index Points [+]
Core Consumer Prices 104.20 103.90 104.20 63.85 Index Points [+]
Core Inflation Rate 1.30 1.50 3.50 -1.40 percent [+]
GDP Deflator 107.84 107.74 107.84 46.64 Index Points [+]
Producer Prices 81.70 80.50 114.45 65.46 Index Points [+]
Export Prices 87.00 86.00 213.89 81.70 Index Points [+]
Import Prices 84.80 83.60 123.84 73.71 Index Points [+]
Food Inflation 1.40 1.40 15.62 -7.71 percent [+]
Producer Prices Change 2.50 1.00 29.27 -22.20 percent [+]
CPI Housing Utilities 86.95 89.29 101.14 23.39 Index Points [+]
CPI Transportation 98.40 98.30 107.06 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.20 34.00 -3.10 1962 - 2018 percent Monthly
2014=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.86 May/18
Canada 2.20 May/18
China 1.80 May/18
Euro Area 1.90 May/18
France 2.00 May/18
Germany 2.20 May/18
India 4.87 May/18
Indonesia 3.23 May/18
Italy 1.00 May/18
Japan 0.70 May/18
Mexico 4.51 May/18
Netherlands 1.70 May/18
Russia 2.40 May/18
South Korea 1.50 May/18
Spain 2.10 May/18
Switzerland 1.00 May/18
Turkey 12.15 May/18
United Kingdom 2.40 May/18
United States 2.80 May/18


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