Singapore's annual inflation rate jumped to 2.1% in April 2021 from 1.3% a month earlier and compared with market consensus of 2%. This was the highest reading since May 2014, amid strengthening consumption in the wake of the coronavirus pandemic. Main upward pressure came from food (1.0% vs 1.4% in March), transport (9.7% vs 5.7%), health (0.9% vs 1%), and recreation & culture (0.8% vs 0.3%). At the same time, cost fell at softer rates for both clothing & footwear (-4.9% vs -4.8%), and miscellaneous goods & services (-0.3% vs -1.1%). Core consumer prices, which exclude accommodation and private road transport costs, increased by 0.6% yoy, the highest since December 2019, after a 0.5% rise in March and compared with forecasts of 0.9%. On a monthly basis, consumer prices fell by 0.2% in April, after a 0.2% gain in March. source: Statistics Singapore

Inflation Rate in Singapore averaged 2.50 percent from 1962 until 2021, reaching an all time high of 34.30 percent in March of 1974 and a record low of -3.10 percent in September of 1976. This page provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Inflation Rate in Singapore is expected to be 2.30 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 1.10 in 12 months time. In the long-term, the Singapore Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.

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Singapore Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.30 34.30 -3.10 1962 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-23 05:00 AM Jan 0.2% 0.0% 0.15% 0.3%
2021-03-23 05:00 AM Feb 0.7% 0.2% 0.6% 0.4%
2021-04-23 05:00 AM Mar 1.3% 0.7% 1.25% 1.0%
2021-05-24 05:00 AM Apr 2.1% 1.3% 2% 1.9%
2021-06-23 05:00 AM May 2.1% 2.4%
2021-07-23 05:00 AM Jun
2021-08-24 05:00 AM Jul
2021-09-23 05:00 AM Aug


News Stream
Singapore Inflation Rate Rises to 7-Year High
Singapore's annual inflation rate jumped to 2.1% in April 2021 from 1.3% a month earlier and compared with market consensus of 2%. This was the highest reading since May 2014, amid strengthening consumption in the wake of the coronavirus pandemic. Main upward pressure came from food (1.0% vs 1.4% in March), transport (9.7% vs 5.7%), health (0.9% vs 1%), and recreation & culture (0.8% vs 0.3%). At the same time, cost fell at softer rates for both clothing & footwear (-4.9% vs -4.8%), and miscellaneous goods & services (-0.3% vs -1.1%). Core consumer prices, which exclude accommodation and private road transport costs, increased by 0.6% yoy, the highest since December 2019, after a 0.5% rise in March and compared with forecasts of 0.9%. On a monthly basis, consumer prices fell by 0.2% in April, after a 0.2% gain in March.
2021-05-24
Singapore Inflation Rate Highest in Near 4 Years
Singapore's annual inflation rate jumped to 1.3% in March 2021 from 0.7% a month earlier and roughly in line with the market consensus of 1.25%. This was the highest reading since May 2017, amid strengthening consumption in the wake of the coronavirus pandemic. Main upward pressure came from food (1.4% vs 1.6% in February), transport (5.7% vs 3.1%), health (1% vs -0.2%), and recreation & culture (0.3% vs 0.1%). On the other hand, there were falls in cost of both clothing & footwear (-4.8% vs -6.3%), and miscellaneous goods & services (-1.1% vs -1.4%). Core consumer prices, which exclude accommodation and private road transport costs, increased by 0.5% from a year earlier, the highest since December 2019, after a 0.2% rise in February and above forecasts of a 0.1% rise. On a monthly basis, consumer prices rose by 0.2% in March, after a 0.6% gain in February.
2021-04-23
Singapore Inflation Rate Tops Estimates
Singapore's annual inflation rate jumped to 0.7% in February 2021 from 0.2% a month earlier and above market consensus of 0.6%. This was the highest reading since January 2020, amid rising consumption during the Lunar New Year festival. Main upward pressure came from food (1.6% vs 1.5% in January), transport (3.1% vs 0.7%) and recreation & culture (0.1% vs -1.2%). By contrast, there were falls in cost of clothing & footwear (-6.3% vs -4.6%), health (-0.2% vs -0.1%), and miscellaneous goods & services (-1.4% vs -1.5%). Core consumer prices, which exclude accommodation and private road transport costs, increased by 0.2% from a year earlier, the first yearly increase in 13 months, after a 0.2% drop in January and beating market forecasts of a 0.1% rise. On a monthly basis, consumer prices rose by 0.6% in February, the most in six months, after being unchanged in January.
2021-03-23
Singapore Consumer Prices Rise for 1st Time in Nearly a Year
Consumer prices in Singapore rose by 0.2% yoy in January 2021, compared with market estimates of a 0.15% gain and after being flat in December. It was the first increase in consumer prices since February of 2020, as consumption improved in the wake of the COVID-19 crisis. Main upward pressure came from both food (1.5% vs 1.6% in December) and transport (0.7% vs 0.6%). In contrast, there were falls in cost of clothing & footwear (-4.6% vs -4.1%), health (-0.1% vs -0.4%), recreation & culture (-1.2% vs -2.2%), and miscellaneous goods & services (-1.5% vs -1.4%). Core consumer prices, which exclude accommodation and private road transport costs, dropped by 0.2% from a year earlier, after a 0.3% fall in December and matching market forecasts. On a monthly basis, consumer prices were unchanged, after a 0.4 percent rise in December.
2021-02-23

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.