Singapore Inflation Rate 1962-2018 | Data | Chart | Calendar | Forecast

Consumer prices in Singapore rose by 0.2 percent year-on-year in March of 2018, easing markedly from a 0.5 percent rise in the prior month while market estimated a 0.5 percent gain. Food prices rose slightly softer while cost of transport slumped and cost of housing continued to fall. Core consumer prices which exclude costs of accommodation and private road transport, increased by 1.5 percent, following a 1.7 percent gain in February and slightly below expectations of a 1.7 percent rise. On a month-on-month basis, consumer prices declined by 0.2 percent in March, reversing from a 0.5 percent gain in a month earlier. Inflation Rate in Singapore averaged 2.61 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.

Singapore Inflation Rate
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Singapore Inflation Rate Slows to 0.2% in March


Consumer prices in Singapore rose by 0.2 percent year-on-year in March of 2018, easing markedly from a 0.5 percent rise in the prior month while markets estimated a 0.5 percent gain. Food prices rose slightly softer while cost of transport slumped and cost of housing continued to fall.

In March, prices of food advanced 1.4 percent from a year earlier, after a 1.5 percent rise in February. Among food excluding food servicing services, cost increased for: milk, cheese & eggs (1.2 percent); oils & fats (3.6 percent); sugar, preserves & confectionery (1.9 percent); other food (1.6 percent); vegetables (1.3 percent), and and non-alcoholic beverages (0.7 percent). Meantime, prices dropped for meat (-0.4 percent) and bread & cereals (-0.1 percent). Among food servicing services, prices went up for all categories: restaurant foods (1.6 percent); fast food (016 percent); hawker food including food courts (1.5 percent), and catered food (1 percent).

Also, cost went up at a slower pace for healthcare (2.1 percent from 2.5 percent in February), mainly due to a 2.7 percent rise in medical & dental treatment and a 0.3 percent gain in medical products, appliances & equipment) and recreation & culture (0.6 percent from 1.6 percent), driven by a 1 percent rise in recreation & entertainment and a 0.3 percent rise in holiday expenses. In addition, cost of household durables & services rose by 0.7 percent (from 0.8 percent, largely due to a 1.9 percent increase in household services & supplies). Meanwhile, cost went up faster than a month earlier for: education (3 percent from 2.9 percent rise in the preceding month, due to a 3 percent rise in tuition & other fees and a 0.3 percent gain in school textbooks & related study guides); miscellaneous goods & services (1 percent from 0.4 percent), due to a 6.4 percent rise in alcoholic drinks & tobacco and a 0.4 percent rise in other miscellaneous expenditure and clothing & footwear (1.2 percent from 0.7 percent).

On the other hand, cost fell for transport (-0.5 percent from 0.6 percent), largely due to a 0.6 percent drop in private road transport and a 1.1 percent decrease in public road transport. Also, cost dropped further for housing & utilities (-2 percent from -2.1 percent, mainly due to a 3.4 percent decline in accomodation) and communication (-0.3 percent from -0.1 percent).

Core consumer prices which exclude costs of accommodation and private road transport, increased by 1.5 percent, following a 1.7. percent gain in February and slightly below expectations of 1.7 percent.

On a month-on-month basis, consumer prices declined by 0.2 percent in March, reversing from a 0.5 percent rise in a month earlier.



Statistics Singapore l Chusnul Ch Manan|
4/23/2018 6:52:36 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-23 05:00 AM Inflation Rate YoY 0% 0.4% 0.4% 0.50%
2018-03-23 05:00 AM Inflation Rate YoY 0.5% 0.0% 0.45% 0.2%
2018-04-23 05:00 AM Inflation Rate YoY 0.2% 0.5% 0.5% 0.5%
2018-05-23 05:00 AM Inflation Rate YoY 0.2% 0.5%
2018-06-25 05:00 AM Inflation Rate YoY 0.6%
2018-07-23 05:00 AM Inflation Rate YoY 0.6%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.20 0.50 34.00 -3.10 percent [+]
Inflation Rate Mom -0.20 0.50 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.80 100.00 100.25 24.17 Index Points [+]
Core Consumer Prices 103.90 103.30 103.90 63.85 Index Points [+]
Core Inflation Rate 1.50 1.70 3.50 -1.40 percent [+]
GDP Deflator 107.74 103.70 107.74 46.64 Index Points [+]
Producer Prices 80.50 80.80 114.45 65.46 Index Points [+]
Export Prices 86.00 86.20 213.89 81.70 Index Points [+]
Import Prices 83.50 84.10 123.84 73.71 Index Points [+]
Food Inflation 1.40 1.50 15.62 -7.71 percent [+]
Producer Prices Change 0.90 -0.90 29.27 -22.20 percent [+]
CPI Housing Utilities 89.29 89.50 101.14 23.39 Index Points [+]
CPI Transportation 98.30 98.90 107.06 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.50 34.00 -3.10 1962 - 2018 percent Monthly
2014=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.20 Apr/18
France 1.60 Apr/18
Germany 1.60 Apr/18
India 4.28 Mar/18
Indonesia 3.41 Apr/18
Italy 0.50 Apr/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Apr/18
South Korea 1.60 Apr/18
Spain 1.10 Apr/18
Switzerland 0.80 Mar/18
Turkey 10.85 Apr/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


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