Singapore's annual inflation rate climbed to 5.4% in March 2022 from 4.3% in February, above market estimates of 4.7%. This was the highest reading since April 2012 with main upward pressure coming from cost of food (3.3% vs 2.3% in February); housing 4.4% vs (4.1%), mostly due to accommodation; healthcare (1.1% vs 1.9%), led by outpatient services and hospital services; transport (19.7% vs 12.8%), due to private transport; recreation & culture (2.2% vs 0.8%), led by holiday expenses and recreational & cultural services; and education (2% vs 2%), driven by tuition & other fees. By contrast, prices fell further for both clothing (-3.3% vs -2.8%), and communication (-2.6% vs -3.1%). Core consumer prices gained 2.9% yoy in March, the most since March 2012, surpassing estimates of 2.4%. On a monthly basis, consumer prices went up 1.2% in March, the most since July 2011. The government expects 2022 annual inflation to be between 4.5-5.5%, while core inflation to average between 2.5-3.5%. source: Statistics Singapore

Inflation Rate in Singapore averaged 2.51 percent from 1962 until 2022, 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 May of 2022.

Inflation Rate in Singapore is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Inflation Rate is projected to trend around 1.90 percent in 2023 and 1.50 percent in 2024, according to our econometric models.

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Singapore Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-23 05:00 AM Feb 4.3% 4% 4.2% 4.1%
2022-04-25 05:00 AM Mar 5.4% 4.3% 4.7% 4.9%
2022-05-23 05:00 AM Apr 5.4%


Related Last Previous Unit Reference
Inflation Rate 5.40 4.30 percent Mar 2022
Inflation Rate Mom 1.20 0.90 percent Mar 2022
Consumer Price Index CPI 106.69 105.38 points Mar 2022
Core Consumer Prices 107.12 105.65 points Mar 2022
Core Inflation Rate 2.90 2.20 percent Mar 2022
GDP Deflator 107.84 107.38 points Dec 2021
Producer Prices 112.80 107.82 points Mar 2022
Export Prices 119.87 119.90 points Mar 2022
Import Prices 121.89 121.90 points Mar 2022
Food Inflation 3.30 2.30 percent Mar 2022
CPI Transportation 124.12 118.67 points Mar 2022
Producer Prices Change 27.60 22.60 percent Mar 2022
CPI Housing Utilities 104.96 104.55 points Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.40 4.30 34.30 -3.10 1962 - 2022 percent Monthly
NSA

News Stream
Singapore Inflation Rate Picks Up to Near Decade High
Singapore's annual inflation rate climbed to 5.4% in March 2022 from 4.3% in February, above market estimates of 4.7%. This was the highest reading since April 2012 with main upward pressure coming from cost of food (3.3% vs 2.3% in February); housing 4.4% vs (4.1%), mostly due to accommodation; healthcare (1.1% vs 1.9%), led by outpatient services and hospital services; transport (19.7% vs 12.8%), due to private transport; recreation & culture (2.2% vs 0.8%), led by holiday expenses and recreational & cultural services; and education (2% vs 2%), driven by tuition & other fees. By contrast, prices fell further for both clothing (-3.3% vs -2.8%), and communication (-2.6% vs -3.1%). Core consumer prices gained 2.9% yoy in March, the most since March 2012, surpassing estimates of 2.4%. On a monthly basis, consumer prices went up 1.2% in March, the most since July 2011. The government expects 2022 annual inflation to be between 4.5-5.5%, while core inflation to average between 2.5-3.5%.
2022-04-25
Singapore Inflation Rate Hits 9-Year High
Singapore's annual inflation rate accelerated to 4.3% in February 2022 from 4.0% in the previous two months and above market consensus of 4.2%. This was the highest reading since February 2013, with main upward pressure largely came from cost of food (2.3% vs 2.6% in January); housing 4.1% vs 4.1%), mostly due to accommodation; healthcare (1.9% vs 1.7%), led by outpatient services and hospital services; transport (14.8% vs 12.7%), due to private transport; recreation & culture (0.8% vs 1.3%), mainly due to rises in recreational & cultural services; and education (2% vs 2.2%), driven by tuition & other fees. By contrast, prices fell further for both clothing (-2.8% vs -4.4%), and communication (-3.1% vs -2.2%). Core consumer prices gained 2.2% yoy in February, compared with estimates of 2.5% and after a 2.4% rise in January which was the most since September 2012. On a monthly basis, consumer prices increased 0.9%, the most in three months, after being flat in January.
2022-03-23
Singapore Inflation Rate Stays at Near 9-Year High
Singapore's annual inflation rate stood at 4.0% in January 2022, unchanged from December's near nine-year high figure and compared with market estimates of 4.1%. Main upward pressure largely came from cost of food (2.6% vs 2.1% in December); housing 4.1% vs (3.4%), mostly due to accommodation; healthcare (1.7% vs 1.5%), led by outpatient services and hospital services; transport (12.7% vs 13.7%), due to private transport; recreation & culture (1.3% vs 1.9%), led by holiday expenses and recreational & cultural services; and education (2.2% vs 2%), driven by tuition & other fees. By contrast, prices fell further for both clothing (-4.4% vs -6.2%), and communication (-2.2% vs -1.2%). In 2021, the CPI went up 2.3%. Core consumer prices gained 2.4% yoy in January, the most since September 2012, compared with estimates of 2.5%. On a monthly basis, consumer prices increased were unchanged in January after gaining 0.5% in December.
2022-02-23