Singapore Inflation Rate 1962-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Singapore was recorded at -0.30 percent in March of 2015. 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
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Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.30 34.00 -3.10 1962 - 2015 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 Monday, May 25, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-23 05:00 AM Feb -0.3% -0.4% -0.2% -0.3%
2015-04-23 06:00 AM Mar -0.3% -0.3% -0.5% -0.05%
2015-05-25 06:00 AM Apr -0.5% -0.3% -0.1% -0.1%
2015-06-23 06:00 AM May 0.16%
2015-07-23 06:00 AM Jun 0.36%
2015-08-25 06:00 AM Jul 0.48%


Singapore Deflation Worsens in April


Singapore consumer prices dropped 0.5 percent year-on-year in April of 2015 from a 0.3 percent decline in the previous month and missing market forecasts. It is the longest slide since 2009, mainly due to a decline in cost of housing & utilities and transport.

Year-on-year, downward prices pressures came from: housing & utilities (-3.7 percent in April from -2.7 percent in March, due to a 12.0 percent drop in fuel & utilities and a 2.5 percent fall in accommodation); transport (-1.4 percent from -2.7 percent, mainly due to a  2.1 percent decline in private road transport and a 4.4 percent fall in other travel & transport); health (-0.4 percent from -0.2 percent, mainly due to a 0.6 percent decline in medical & dental treatment); clothing & footwear (-2.0 percent from a 0.8 percent decline); recreation (-0.3 percent from +0.5 percent, mainly due to a 1.0 percent decline of holiday expenses) and miscellaneous goods & services (-0.4 percent from + 0.2 percent, mainly due to a 1.8 percent decline in personal effects, a 0.5 percent fall of personal care and a 0.4 percent decline of alcoholic drinks & tobacco).

In contrast, upward prices pressures came only from household durables & services (+1.7 percent from +1.6 percent). Prices moderated for: communication (+2.1 percent from  a 2.5 percent increase) and education (+3.2 percent from a 3.5  percent).

Food inflation was recorded at 2.1 percent in April, the same pace as in the previous month. Food excluding food servicing services increased by 1.7 from 2.0 percent rise in March and  food servicing services rose 2.2 percent from 2.1 percent. Among food excluding food servicing services, prices increased the most for oils & fats (+2.7 percent) and sugar, preserves & confectionery (+2.7 percent), followed by fish & seafood (2.2 percent); milk, cheese & eggs (+2.2 percent); other food (+2.1 percent); fruits (+1.5 percent); meat (+1.3 percent); vegetables (+1.0 percent) and non-alcoholic beverages (+0.6 percent). Among food servicing services, while prices of catered food declined by 0.1 percent, prices off other components increased: restaurant foods (+2.6 percent), fast food (+1.7 percent) and hawker food including food courts (+2.1 percent).

Core inflation, which excludes costs of accommodation and private road transport, recorded at 0.4 percent year-on-year, slowing from 1.0 percent in March.

On a month-on-month basis, consumer prices dropped by 0.6 percent in April, following a 0.2 percent rise in the previous month. Price declined the most for housing & utilities (-3.2 percent), clothing & footwear (-1.1 percent) and recreation & culture (-0.4 percent). In contrast, prices increased for food (+0.1 percent); household durables & services (+0.1 percent); transport (+1.3 percent) and miscellaneous goods & services (+0.2 percent).

Statistics Singapore l Rida Husna l rida@tradingeconomics.com
5/25/2015 7:56:38 AM


Recent Releases

Singapore Posts Deflation for the Fifth Straight Month
Singapore consumer prices dropped 0.3 percent year-on-year in March of 2015, the same pace as in the previous month and missing market forecasts. It is the longest slide since 2009, mainly due to a fall in cost of transport and housing & utilities. Published on 2015-04-23

Singapore Reports Deflation for the Fourth Straight Month
Singapore consumer prices dropped 0.3 percent year-on-year in February of 2015, following a 0.4 percent decline in the previous month and matching market forecasts. It is the longest slide since 2009, mainly due to a fall in cost of transport and housing & utilities. Published on 2015-03-23


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -0.30 -0.30 34.00 -3.10 percent [+]
Inflation Rate Mom 0.20 0.10 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.94 99.71 100.25 24.17 Index Points [+]
Core Inflation Rate 1.00 1.30 3.50 -1.40 percent [+]
Core Consumer Prices 100.29 99.72 100.29 63.85 Index Points [+]
GDP Deflator 102.54 102.15 104.73 46.64 Index Points [+]
Producer Prices 82.70 82.00 114.45 65.46 Index Points [+]
Export Prices 90.20 89.90 196.09 87.40 Index Points [+]
Import Prices 84.50 84.50 121.21 72.14 Index Points [+]
Food Inflation 2.07 2.14 15.62 -7.71 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.17 Apr/15 8.13 6821.31 1.65 percent [+]
Canada 0.80 Apr/15 1.20 21.60 -17.80 percent [+]
China 1.50 Apr/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.00 Apr/15 -0.10 5.00 -0.70 percent [+]
France 0.10 Apr/15 -0.10 18.80 -0.70 percent [+]
Germany 0.50 Apr/15 0.30 11.54 -7.62 percent [+]
India 4.87 Apr/15 5.25 11.16 4.38 percent [+]
Indonesia 6.79 Apr/15 6.38 82.40 -1.17 percent [+]
Italy -0.10 Apr/15 -0.09 25.64 -0.60 percent [+]
Japan 2.30 Mar/15 2.20 25.00 -2.52 percent [+]
Mexico 3.06 Apr/15 3.14 179.73 2.91 percent [+]
Netherlands 0.60 Apr/15 0.38 11.19 -1.30 percent [+]
Russia 16.40 Apr/15 16.90 2333.30 3.60 percent [+]
South Korea 0.40 Apr/15 0.40 32.50 0.20 percent [+]
Spain -0.60 Apr/15 -0.70 28.43 -1.37 percent [+]
Switzerland -1.10 Apr/15 -0.90 11.92 -1.37 percent [+]
Turkey 7.91 Apr/15 7.61 138.71 -4.01 percent [+]
United Kingdom -0.10 Apr/15 0.00 8.50 -0.10 percent [+]
United States -0.20 Apr/15 -0.10 23.70 -15.80 percent [+]