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

The inflation rate in Singapore was recorded at -0.20 percent in December 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.

      Forecast    
Singapore Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.30 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, January 30, 2015.


Singapore Reports Deflation For the Second Consecutive Month


Singapore annual consumer prices decreased by 0.2 percent in December of 2014, following a 0.3 percent drop in the previous month. It is the second consecutive decline since November 2009, as cost of transport, housing and clothing and footwear declined.

Year-on-year, prices fell for: transport (-4.1 percent in December from -5.3 percent in November, as cost of private road transport decreased by 5.7 percent) and housing (-1.4 percent from -1.2 percent, as cost of fuel & utilities and accommodation declined by 2.8 percent and 1.4 percent respectively). Prices moderated for: healthcare (1.6 percent from 1.8 percent, as cost of dental treatment declined by 0.4 percent) and recreation & others (+0.6 percent from +0.8 percent,  as cost of hobbies & other miscellaneous expenditure and non-durable household goods fell by 1 percent and 0.3 percent respectively). Services inflation came in at 1.4 percent, unchanged from November, as a steeper increase in telecommunication services fees was offset by a larger decline in holiday travel costs. In contrast, price were higher for: education (+2.8 percent from +2.7 percent) and communication (+1.2 from +0.5 percent).
 
Food inflation was recorded at 2.9 percent in December, the same as in the previosu month, as cost of prepared meals and food excluding prepared meals increased by 3.0 percent and 2.7 percent respectively. Among prepared meals, the highest price increases were seen for hawker food (+3.6 percent), followed by fast food (+2.8 percent), restaurant food (+1.7 percent) and catered food (+1.3 percent). Among food excluding prepared meals, the highest prices increases were recorded for fruits (+8.4 percent), followed by dairy products & eggs (+5.7 percent), other food (+2.1 percent), seafood (+2.0 percent), meat & poultry (+1.7 percent) and vegetables & vegetables products (+1.6 percent).
 
Core inflation, which excludes costs of accommodation and private road transport, recorded at 1.5 percent in December, the same clip as in November.
 
On a month-on-month basis, consumer prices decreased 0.2 percent in December, following a 0.3 percent increase in the previous month. Price declined for: rice  & other cereals (-0.3 percent), meat & poultry (-0.2 percent), sugar (-0.6 percent), non-alcoholic beverages (-0.2 percent), accommodation (-0.3 percent), private road transport (-1.1 percent), proprietary medicine & supplies (-0.4 percent), non-durable household goods (-0.7 percent), recreation & entertainment (-0.1 percent) and alcoholic drinks & tobacco (-0.2 percent). In contrast, price increased for: seafood (+0.7 percent), dairy products & eggs (+0.6 percent), cooking oils and fats (+0.5 percent), vegetable & vegetable products (+0.3 percent), hawker foods and fast food (+0.6 percent respectively), household durables (+0.5 percent), other travel & transport (+4.9 percent) and hobbies & other miscellaneous expenditure (+0.6 percent).

For full year of 2014,  Singapore’s  consumer price index accelerated by 1.0 percent, following a 2.4 increase in the previous year. 

Statictics Singapore l Rida Husna l rida@tradingeconomics.com
1/23/2015 11:51:35 AM


Recent Releases

Singapore Reports Deflation For The First Time in 5-Years
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Singapore Inflation Rate Slows to Nearly 5-Year-Low in October
Singapore’s annual inflation rate eased to 0.1 percent in October of 2014 from 0.6 percent in September, mainly due to decline in transportation and accomodation cost. It is the lowest rate since January of 2010. Published on 2014-11-24


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-24 05:00 AM
Inflation Rate YoY  Oct
0.1% 0.6% 0.6% 0.55%
2014-12-23 05:00 AM
Inflation Rate YoY  Nov
-0.3% 0.1% -0.3% -0.46%
2015-01-23 05:00 AM
Inflation Rate YoY  Dec
-0.2% -0.3% -0.1% -0.22%
2015-02-23 05:00 AM
Inflation Rate YoY  Jan
-0.2% -0.45%
2015-03-23 05:00 AM
Inflation Rate YoY  Feb
-0.13%
2015-04-23 06:00 AM
Inflation Rate YoY  Mar
-0.05%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -0.20 -0.30 34.00 -3.10 percent [+]
Inflation Rate Mom -0.20 0.30 4.74 -1.87 percent [+]
Consumer Price Index CPI 116.70 116.89 117.71 28.30 Index Points [+]
Core Inflation Rate 1.50 1.50 3.50 -1.40 percent [+]
Core Consumer Prices 114.36 114.57 115.75 79.21 Index Points [+]
GDP Deflator 101.14 100.24 115.53 51.84 Index Points [+]
Producer Prices 87.94 90.31 121.20 69.32 Index Points [+]
Export Prices 93.34 93.35 196.09 87.69 Index Points [+]
Import Prices 89.17 91.36 121.21 72.14 Index Points [+]
Food Inflation 2.92 2.88 15.62 -7.71 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 6.41 Dec/14 6.56 6821.31 1.65 percent [+]
Canada 1.50 Dec/14 2.00 21.60 -17.80 percent [+]
China 1.50 Dec/14 1.40 28.40 -2.20 percent [+]
Euro Area -0.20 Dec/14 0.30 5.00 -0.70 percent [+]
France 0.10 Dec/14 0.30 18.80 -0.70 percent [+]
Germany -0.30 Jan/15 0.20 11.54 -7.62 percent [+]
India 5.00 Dec/14 4.38 11.16 4.38 percent [+]
Indonesia 8.36 Dec/14 6.23 82.40 -1.17 percent [+]
Italy 0.00 Dec/14 0.19 25.64 -2.44 percent [+]
Japan 2.40 Dec/14 2.40 25.00 -2.52 percent [+]
Mexico 4.08 Dec/14 4.17 179.73 2.91 percent [+]
Netherlands 0.70 Dec/14 1.00 11.19 -1.30 percent [+]
Russia 11.40 Dec/14 9.10 2333.30 3.60 percent [+]
South Korea 0.80 Dec/14 1.00 32.50 0.20 percent [+]
Spain -1.00 Dec/14 -0.40 28.43 -1.37 percent [+]
Switzerland -0.30 Dec/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.17 Dec/14 9.15 138.71 -4.01 percent [+]
United Kingdom 0.50 Dec/14 1.00 8.50 0.50 percent [+]
United States 0.80 Dec/14 1.30 23.70 -15.80 percent [+]