Singapore Inflation Rate 1962-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Singapore was recorded at 1.20 percent in July of 2014. Inflation Rate in Singapore averaged 2.80 Percent from 1962 until 2014, 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 reported by the Statistics Singapore.

   
 
 
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Singapore Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.80 34.00 -3.10 1962 - 2014 Percent Monthly
2009=100
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. Content for - Singapore Inflation Rate - was last refreshed on Friday, August 29, 2014.


Singapore Inflation Rate Eases Further in July


Singapore’s annual inflation rate eased to 1.2 percent in July of 2014 from 1.8 percent in June, mainly due to lower private road transport costs, and below market forecasts.

Private road transport cost fell by 1.6 percent in July, following a 2.8 percent increase in June, reflecting the high base last year when COE (certificate of entitlement) premiums surged, while petrol pump prices also rose at a slower pace of 3.1 percent, compared to 6.4 percent a month ago. Accommodation costs was largely unchanged, after edging up by 0.5 percent in the previous month, given the soft housing rental market. Food inflation eased to 3.0 percent from 3.2 percent a month ago, on account of a more moderate rise in the prices of non-cooked food items and prepared meals. Services inflation was higher at 2.5 percent, compared to 2.2 percent in the preceding month, led by stronger increases in pre-school fees, medical treatment cost and holiday travel expenses. For the rest of 2014, inflation is projected to ease between 1.5 to 2 percent due to lower contributions from imputed rental on OOA (owner-occupied accommodation) and car prices.

MAS Core inflation, which excludes the costs of accommodation and private road transports, inched up to 2.2 percent in July from 2.1 percent in the preceding month, due to the pickup in service inflation. For 2014, MAS Core inflation is expected to stay elevated at 2-3 percent due to relatively benign external price development coupled with ample supplies in the major commodity markets and modest inflation in most of Singapore’s key imports source countries.

On a month-on-month basis, the CPI declined 0.3 percent in July after a 0.7 percent fall in June mostly due to higher accommodation costs and private road transport amid tepid increase of food prices and services.

Ministry of Trade and Industry l Rida l rida@tradingeconomics.com
8/25/2014 8:48:52 AM


Recent Releases

Singapore Inflation Rate Slows to 1.8% in June
Singapore’s annual inflation rate eased to 1.8 percent in June of 2014 from 2.7 percent in May mainly due to a more moderate increase in car prices. Cost of other major categories, except food, were also slightly lower in the month. Published on 2014-07-23

Singapore Inflation Rate Accelerates Further In May
Singapore’s annual inflation rate picked up to 2.7 percent in May of 2014 from 2.5 percent in April due to base effect associated with the fluctuations in COE (certificate of entitlement) premiums. Price increases for all other major categories moderated slightly during the month. Published on 2014-06-23


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-23 06:00 AM Singapore
Inflation Rate YoY
Apr 2014 2.5% 1.2% 2.6% 2.16%
2014-06-23 06:00 AM Singapore
Inflation Rate YoY
May 2014 2.7% 2.5% 2.6% 2.64%
2014-07-23 06:00 AM Singapore
Inflation Rate YoY
Jun 2014 1.8% 2.7% 2.4% 2.39%
2014-08-25 06:00 AM Singapore
Inflation Rate YoY
Jul 2014 1.2% 1.8% 2.1% 2%
2014-09-23 06:00 AM Singapore
Inflation Rate YoY
Aug 2014 1.2% 2.08%


Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 1.80 34.00 -3.10 Percent [+]
Inflation Rate Mom -0.30 -0.70 4.74 -1.87 Percent [+]
Consumer Price Index (CPI) 116.55 116.94 117.71 28.30 Index Points [+]
Core Inflation Rate 2.20 2.10 3.50 -1.40 Percent [+]
Core Consumer Prices 114.79 115.21 115.75 79.21 Index Points [+]
GDP Deflator 100.26 104.16 115.53 51.84 Index Points [+]
Producer Prices 96.57 96.42 121.20 69.32 Index Points [+]
Export Prices 95.84 95.70 196.09 87.69 Index Points [+]
Import Prices 96.60 96.49 121.21 72.14 Index Points [+]
Food Inflation 3.00 3.20 15.62 -7.71 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.50 Jul/14 6.52 6821.31 1.65 Percent [+]
Canada 2.10 Jul/14 2.40 21.60 -17.80 Percent [+]
China 2.30 Jul/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.40 Jul/14 0.50 5.00 -0.70 Percent [+]
France 0.50 Jul/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.96 Jul/14 7.31 11.16 7.31 Percent [+]
Indonesia 4.53 Jul/14 6.70 82.40 -1.17 Percent [+]
Italy 0.09 Jul/14 0.28 25.64 -2.44 Percent [+]
Japan 3.60 Jun/14 3.70 25.00 -2.52 Percent [+]
Mexico 4.07 Jul/14 3.75 179.73 2.91 Percent [+]
Netherlands 0.89 Jul/14 0.93 11.19 -1.30 Percent [+]
Russia 7.50 Jul/14 7.80 2333.30 3.60 Percent [+]
South Korea 1.60 Jul/14 1.70 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.00 Jul/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.32 Jul/14 9.16 138.71 -4.01 Percent [+]
United Kingdom 1.60 Jul/14 1.90 8.50 0.50 Percent [+]
United States 2.00 Jul/14 2.10 23.70 -15.80 Percent [+]





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