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

The inflation rate in Singapore was recorded at 0.90 percent in August 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.

   
 
 

Singapore Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.90 1.20 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 Wednesday, October 1, 2014.


Singapore Inflation Continues to Slow in August


Singapore’s annual inflation rate eased to 0.9 percent in August of 2014 from 1.2 percent in July, mainly reflecting a sharper decline in private road transport cost and a more moderate increase in services fees.

In August of 2014, private road transport cost fell by 2.9 percent, following the 1.6 percent correction a month earlier, largely due to lower COE premiums in July. Petrol pump prices also rose at a slower pace of 0.7 percent, compared to 3.1 percent a month ago, on account of the recent weakness in global oil prices. Services inflation edged down to 2.1 percent in August from 2.5 percent in the preceding month, led by more modest increases in the costs of recreation & entertainment and holiday travel. Accommodation cost declined by 0.2 percent after coming in flat in July, given the soft housing rental market. Overall food inflation was slightly lower at 2.9 percent compared to 3.0 percent in July, as the increase in the prices of prepared meals eased. Non-cooked food prices, however, rose at a quicker pace of 3.4 percent compared to 2.8 percent  in July, reflecting steeper price increases for seafood and vegetables.

MAS Core Inflation, which excludes the costs of accommodation and private road transport, eased  slightly to 2.1 percent in August, from 2.2 percent a month ago, mainly due to the lower contribution from services costs. The government expects MAS core inflation to stay elevated between 2.0 percent to 3.0 percent in 2014.

On a month-on-month basis, the CPI accelerated 0.5 percent in August after a 0.3 percent decline in July mostly due to higher prices of food, largely for seafood, dairy products & eggs and fruits, and increasing costs of services, mainly tertiary tuition fees and household services.
 

Ministry of Trade and Industry l Rida l rida@tradingeconomics.com
9/23/2014 6:44:12 AM


Recent Releases

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. Published on 2014-08-25

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 0.9% 1.2% 1.2% 1.19%
2014-10-24 06:00 AM Singapore
Inflation Rate YoY
Sep 2014 0.9% 1.62%


Prices Last Previous Highest Lowest Unit
Inflation Rate 0.90 1.20 34.00 -3.10 Percent [+]
Inflation Rate Mom 0.50 -0.30 4.74 -1.87 Percent [+]
Consumer Price Index CPI 117.12 116.55 117.71 28.30 Index Points [+]
Core Inflation Rate 2.10 2.20 3.50 -1.40 Percent [+]
Core Consumer Prices 114.61 114.79 115.75 79.21 Index Points [+]
GDP Deflator 100.26 104.16 115.53 51.84 Index Points [+]
Producer Prices 94.57 95.66 121.20 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 2.90 3.00 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 6.51 Aug/14 6.50 6821.31 1.65 Percent [+]
Canada 2.10 Aug/14 2.10 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.30 Sep/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Sep/14 0.80 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 11.16 7.31 Percent [+]
Indonesia 4.53 Sep/14 3.99 82.40 -1.17 Percent [+]
Italy -0.10 Sep/14 -0.10 25.64 -2.44 Percent [+]
Japan 3.30 Aug/14 3.40 25.00 -2.52 Percent [+]
Mexico 4.15 Aug/14 4.07 179.73 2.91 Percent [+]
Netherlands 1.00 Aug/14 0.89 11.19 -1.30 Percent [+]
Russia 7.60 Aug/14 7.50 2333.30 3.60 Percent [+]
South Korea 1.10 Sep/14 1.40 32.50 0.20 Percent [+]
Spain -0.20 Sep/14 -0.50 28.43 -1.37 Percent [+]
Switzerland 0.10 Aug/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.54 Aug/14 9.32 138.71 -4.01 Percent [+]
United Kingdom 1.50 Aug/14 1.60 8.50 0.50 Percent [+]
United States 1.70 Aug/14 2.00 23.70 -15.80 Percent [+]





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