The cost of food in Singapore increased by 4.5 percent year-on-year in May of 2022, the most since January 2009, after a 4.1% rise in the prior month. Within food excluding food servicing services, there were rises in cost of vegetables (4.4% vs 4.7% in April); milk, cheese & eggs (6.0% vs 6.7%); meat (7.0% vs 5.7%); non-alcoholic beverages (4.1% vs 3.6%); oils & fats (6.7% vs 9.9%); bread & cereals (2.7% vs 3.2%); sugar, preserves & confectionery (1.0% vs 1.2%); and other food (3.1% vs 2.1%), Among food servicing services, prices climbed further for all components: restaurant foods (4.4% vs 3.8%), fast-food (3.1% vs 3.1%), hawker food (4.8% vs 4.2%), and catered food (5.3% vs 1.2%). source: Statistics Singapore
Food Inflation in Singapore averaged 2.86 percent from 1962 until 2020, reaching an all time high of 60.30 percent in November of 1973 and a record low of -7.90 percent in August of 1976. This page provides the latest reported value for - Singapore Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Food Inflation - values, historical data and charts - was last updated on June of 2022.
Food Inflation in Singapore is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Food Inflation is projected to trend around 1.70 percent in 2022, according to our econometric models.