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

Consumer prices in Singapore increased 0.4 percent from a year earlier in October of 2017, the same pace as in the prior month but below market expectations of 0.5 percent rise. The inflation figure remained the lowest since April, as as cost of food increased at a faster pace while transport inflation was similar from the preceding month. Core consumer prices which exclude costs of accommodation and private road transport increased 1.5 percent, the same pace as in September and in line with market expectations. On a month-on-month basis, consumer prices fell 0.3 percent, after being flat in a month earlier. Inflation Rate in Singapore averaged 2.63 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 Steady at 0.4% in October


Consumer prices in Singapore increased 0.4 percent from a year earlier in October of 2017, the same pace as in the prior month but below market expectations of 0.5 percent rise. The inflation figure remained the lowest since April, as cost of food increased at a faster pace while transport inflation was similar from the preceding month.

Year-on-year, prices went up less than in a month earlier for: household durables & services (0.7 percent from 0.8 percent, largely due to a 2.1 percent increase in household services & supplies); education (2.6 percent from 2.7 percent), due to a 2.6 percent rise in tuition & other fees and a 0.9 percent gain in school textbooks & related study guides. Also, inflation of health care rose less ( 2.2 percent from 2.5 percent), mainly due to a 2.8 percent rise in medical & dental treatment; and communication (1.0 percent from 1.3 percent).
 
Cost rose at faster pace for: clothing & footwear (0.7 percent from 0.5 percent in September); miscellaneous goods & services (0.9 percent from 0.7 percent, due to a 0.2 percent rise in alcoholic drinks & tobacco, a 3.3 percent rise in personal effects, a 0.1 percent increase in personal care, and a 2.1 percent rise in other miscellaneous expenditure; recreation & culture (0.7 percent from 0.4 percent, due to a 1 percent rise in recreation, a 0.1 percent increase in newspapers, books&stationery, and a 0.5 percent rise in holiday expenses. 
 
Inflation was steady for transport (1.1 percent, largely due to a 2.2 percent rise in private road transport).
 
Prices of food rose 1.5 percent, following a 1.2 percent rise in the previous month. Among food excluding food servicing services, cost increased for all categories : milk, cheese & eggs (0.7 percent); fish & seafood (1.5 percent); oils & fats (2.2 percent); fruits (2.5 percent); sugar, preserves & confectionery (0.8 percent); vegetables (4 percent); other food ( 2 percent);  meat (1.1 percent); non-alcoholic beverages (1.9 percent), and bread & cereals (0.6 percent). Also, among food servicing services, prices went up for all categories: restaurant foods (1 percent); fast food (0.9 percent), hawker food including food courts (1.6 percent), and catered food (1.3 percent).
 
On the other hand, cost fell for housing & utilities (-2.7 percent from -2.3 percent, mainly due to a 4.2 percent decline in accomodation).
 
Core consumer prices which exclude costs of accommodation and private road transport, rose 1.5 percent, the same pace as in September and in line with market expectations
 
On a month-on-month basis, consumer prices fell 0.3 percent, after being flat in a month earlier.
 
 
 

Department of Statistics Singapore l Chusnul Ch Manan | chusnul@tradingeconomics.com
11/23/2017 6:06:35 AM



Calendar GMT Actual Previous Consensus TEForecast
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% 0.4% 0.5%
2017-11-23 05:00 AM Inflation Rate YoY 0.4% 0.4% 0.5% 0.6%
2017-12-26 05:00 AM Inflation Rate YoY 0.4% 0.8%
2018-01-23 05:00 AM Inflation Rate YoY
2018-02-23 05:00 AM Inflation Rate YoY


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.40 34.00 -3.10 percent [+]
Inflation Rate Mom -0.30 0.00 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.27 99.56 100.25 24.17 Index Points [+]
Core Consumer Prices 102.59 102.40 102.59 63.85 Index Points [+]
Core Inflation Rate 1.50 1.50 3.50 -1.40 percent [+]
GDP Deflator 102.07 101.90 104.94 46.64 Index Points [+]
Producer Prices 79.50 78.70 114.45 65.46 Index Points [+]
Export Prices 86.10 85.00 213.89 81.70 Index Points [+]
Import Prices 82.90 82.00 123.84 73.71 Index Points [+]
Food Inflation 1.20 1.20 15.62 -7.71 percent [+]
Producer Prices Change 3.52 5.36 29.27 -22.20 percent [+]
CPI Housing Utilities 88.36 90.20 101.14 23.39 Index Points [+]
CPI Transportation 98.60 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 December of 2017.

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




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.80 Nov/17
Canada 1.40 Oct/17
China 1.70 Nov/17
Euro Area 1.50 Nov/17
France 1.20 Nov/17
Germany 1.80 Nov/17
India 4.88 Nov/17
Indonesia 3.30 Nov/17
Italy 0.90 Nov/17
Japan 0.20 Oct/17
Mexico 6.63 Nov/17
Netherlands 1.50 Nov/17
Russia 2.50 Nov/17
South Korea 1.30 Nov/17
Spain 1.60 Nov/17
Switzerland 0.80 Nov/17
Turkey 12.98 Nov/17
United Kingdom 3.10 Nov/17
United States 2.00 Oct/17