Singapore Inflation Rate

Singapore's annual inflation rate came in at 0.7 percent in October 2018, unchanged from the previous month and slightly below market consensus of 0.8 percent. Food prices rose at a slower pace while cost of housing and transport continued to fall. Inflation Rate in Singapore averaged 2.59 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.

Inflation Rate in Singapore is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Singapore to stand at 1.50 in 12 months time. In the long-term, the Singapore Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-08-23	05:00 AM	Inflation Rate YoY	0.6%	0.6%	0.65%	0.5%
2018-09-24	05:00 AM	Inflation Rate YoY	0.7%	0.6%	0.7%	0.6%
2018-10-23	05:00 AM	Inflation Rate YoY	0.7%	0.7%	0.8%	0.7%
2018-11-23	05:00 AM	Inflation Rate YoY	0.7%	0.7%	0.8%	0.8%
2018-12-26	05:00 AM	Inflation Rate YoY		0.7%		0.9%
2019-01-23	05:00 AM	Inflation Rate YoY				1%
2019-02-25	05:00 AM	Inflation Rate YoY

Singapore Inflation Rate Unchanged in October

Singapore's annual inflation rate came in at 0.7 percent in October 2018, unchanged from the previous month and slightly below market consensus of 0.8 percent. Food prices rose at a slower pace while cost of housing and transport continued to fall.

Food inflation eased to 1.4 percent in October from 1.6 percent a month earlier. Among food excluding food servicing services, cost increased less for bread & cereals (1.8 percent vs 2.9 percent in September) and fruits (2.8 percent vs 3.3 percent); and declined for both vegetables (-1.6 percent vs -1.1 percent) and meat (-0.4 percent vs -0.3 percent). By contrast, prices increased further for oils & fats (2.7 percent vs 0.7 percent), and milk, cheese & eggs (1.8 percent vs 1.5 percent). Among food servicing services, inflation eased for restaurant food (1.8 percent vs 2.0 percent) and hawker food including food courts (1.5 percent vs 1.6 percent).

Also, inflation slowed for clothing & footwear (1.2 percent vs 1.8 percent); healthcare (1.8 percent vs 2 percent); and recreation & culture (1.0 percent vs 1.2 percent); and was steady for miscellaneous goods & services (at 1.1 percent). In addition, prices continued to fall for housing & utilities (-0.2 percent vs -0.5 percent), transport (-0.5 percent vs -0.1 percent) and communication (-1.2 percent vs -1.6 percent). Meanwhile, prices went up faster for education (3.2 percent vs 2.9 percent) and household durables & services (0.9 percent vs 0.8 percent).

Annual core inflation, which exclude costs of accommodation and private road transport, edged up to 1.9 percent in October 2018 from 1.8 percent in September and matching expectations.

On a month-on-month basis, consumer prices fell 0.3 percent in October, after a flat reading in September.

Statistics Singapore | Chusnul Ch Manan | chusnul@tradingeconomics.com
11/23/2018 3:38:52 PM

Recent Releases

Singapore September Inflation Rate Below Estimates
Singapore's annual inflation rate came in at 0.7 percent in September of 2018, unchanged from the previous month but below market consensus of 0.8 percent. Prices rose less mainly for food, clothing & footwear and recreation & culture. Meanwhile, inflation picked up for education and cost dropped at a slower pace for housing and transport.
Published on 2018-10-23

Singapore Inflation Rate Rises to 15-Month High in August
Singapore's annual inflation rate edged up to 0.7 percent in August of 2018 from 0.6 percent in the previous month and matching market consensus. It was the highest rate since May 2017, driven by a faster rise in prices of food while cost of housing and transport fell less.
Published on 2018-09-24

Singapore Inflation Rate Steady at 0.6% in July
Singapore's annual inflation rate came in at 0.6 percent in July 2018, unchanged from the previous month’s 7-month high, slightly below market consensus of 0.65 percent. Food inflation was steady while housing deflation eased and transports prices fell.
Published on 2018-08-23

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.
Published on 2018-07-23

Singapore Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	0.70	0.70	34.00	-3.10	percent	[+]
Inflation Rate Mom	-0.30	0.00	4.74	-1.87	percent	[+]
Consumer Price Index CPI	99.90	100.30	100.30	24.17	Index Points	[+]
Core Consumer Prices	105.20	105.00	105.20	63.85	Index Points	[+]
Core Inflation Rate	1.90	1.80	3.50	-1.40	percent	[+]
GDP Deflator	106.03	105.59	107.74	46.64	Index Points	[+]
Producer Prices	89.40	88.10	114.45	65.46	Index Points	[+]
Export Prices	92.40	91.20	213.89	81.70	Index Points	[+]
Import Prices	90.80	89.50	123.84	73.71	Index Points	[+]
Food Inflation	1.40	1.60	15.62	-7.71	percent	[+]
Producer Prices Change	12.40	12.10	29.27	-22.20	percent	[+]
CPI Housing Utilities	88.20	89.80	101.14	23.39	Index Points	[+]
CPI Transportation	98.00	98.00	107.06	20.22	Index Points	[+]

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 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.70	0.70	34.00	-3.10	1962 - 2018	percent	Monthly	2014=100

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Country	Last		Previous	Range
Argentina	45.50	Oct/18	40.3	20263 : -7	%
Australia	1.90	Sep/18	2.1	23.9 : -1.3	%
Brazil	4.05	Nov/18	4.56	6821 : 1.65	%
Canada	2.40	Oct/18	2.2	21.6 : -17.8	%
China	2.20	Nov/18	2.5	28.4 : -2.2	%
Euro Area	2.00	Nov/18	2.2	5 : -0.7	%
France	1.90	Nov/18	2.2	18.8 : -0.7	%
Germany	2.30	Nov/18	2.5	11.54 : -7.62	%
India	2.33	Nov/18	3.38	12.17 : 1.54	%
Indonesia	3.23	Nov/18	3.16	82.4 : -1.17	%
Italy	1.70	Nov/18	1.6	25.64 : -0.6	%
Japan	1.40	Oct/18	1.2	24.9 : -2.5	%
Mexico	4.72	Nov/18	4.9	180 : 2.13	%
Netherlands	2.00	Nov/18	2.1	11.19 : -1.3	%
Russia	3.80	Nov/18	3.5	2333 : 2.2	%
Saudi Arabia	2.40	Oct/18	2.1	11.1 : -2	%
Singapore	0.70	Oct/18	0.7	34 : -3.1	%
South Africa	5.20	Nov/18	5.1	20.7 : 0.2	%
South Korea	2.00	Nov/18	2	32.5 : 0.2	%
Spain	1.70	Nov/18	2.3	28.43 : -1.37	%
Switzerland	0.90	Nov/18	1.1	11.92 : -1.4	%
Turkey	21.62	Nov/18	25.24	139 : -4.01	%
United Kingdom	2.40	Oct/18	2.4	8.5 : -0.1	%
United States	2.20	Nov/18	2.5	23.7 : -15.8	%