Singapore Inflation Rate  1962-2016 | Data | Chart | Calendar | Forecast

Singapore consumer prices fell 1.0 percent year-on-year in March of 2016, following a 0.8 percent drop in February and below above market consensus of a 0.7 percent decline. It is the 17th straight month of decline and the longest period of fall on record. In March, cost decreased further for housing & utilities and transport while prices of food increased at a faster pace than in a month earlier. Core inflation, which excludes costs of accommodation and private road transport, rose 0.6 percent year-on-year from 0.5 percent in February and in line with market estimates. It is the highest figure since March 2015. On a month-on-month basis, consumer prices remained unchanged in March, after declining 0.1 percent in February. Inflation Rate in Singapore averaged 2.70 percent from 1962 until 2016, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -0.80 34.00 -3.10 1962 - 2016 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. Singapore Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-23 05:00 AM Jan -0.6% -0.6% -0.4% -0.5%
2016-03-23 05:00 AM Feb -0.8% -0.6% -0.8% -0.5%
2016-04-25 05:00 AM Mar -1.0% -0.8% -0.7% -0.92%
2016-05-23 05:00 AM Apr -1% -1.03%
2016-06-23 05:00 AM May -1.07%
2016-07-23 05:00 AM Jun -1.10%

Singapore CPI Drops for 17th Month


Consumer prices in Singapore fell 1.0 percent year-on-year in March of 2016, following a 0.8 percent drop in February and below above market consensus of a 0.7 percent decline. It is the 17th straight month of decline and he longest period of fall on record. In March, cost decreased further for housing & utilities and transport while prices of food increased at a faster pace than in a month earlier.

Year-on-year, downward prices pressure came from: housing & utilities (-4.2 percent in March from -4.1 percent in February, largely due to a 10.6 percent drop in fuel & utilities and a 3.2 percent fall in accommodation) and household durables & services (-0.3 percent from -0.6 percent, mainly due to a 0.7 percent decline in household services & supplies). Cost also dropped for transport (-4.3 percent from -2.9 percent, due to a 5.9 percent decline in private road transport and a 2.8 percent fall in other travel & transport) and communication (-1.8 percent from -0.9 percent). In contrast, upward prices pressures came from: clothing & footwear (+1.3 percent from +2.5 percent) and health care (+0.7 percent from +0.7 percent, mainly due to a 1.0 percent rise in medical & dental treatment). Prices also increased for recreation & culture (+0.4 percent from +0.1 percent, mainly due to a 6.0 percent increase in newspapers, book & stationery and a 0.2 percent rise in  holiday expenses), education (+2.4 percent from +2.4 percent) and miscellaneous goods & services (+0.6 percent from +0.5 percent, mainly due to a 2.8 percent rise in personal effects, 0.2 percent growth in other miscellaneous expenditure and a 0.5 percent rise in personal care).

Prices of food rose 2.2 percent in March, up from a 2.0 percent rise in a month earlier. Among food, cost of food excluding food servicing services increased by 2.3 percent, following a 1.5 percent rise in the preceding month while food servicing services rose 2.2 percent, after a 2.2 percent rise in February. Among food excluding food servicing services, cost increased for most of components. Prices of bread & cereals rose 1.2 percent; meat (+2.2 percent); fish & seafood (+2.8 percent); fruits (+1.7 percent); milk, cheese & eggs (+2.3 percent), vegetables (+4.2 percent); sugar, preserves & confectionery (+3.0 percent), non-alcoholic beverages (+1.6 percent)  and other food (+2.3 percent). Prices remained unchanged for oils & fats. Among food servicing services, prices increased for all categories: restaurant foods (+3.2 percent), fast food (+1.5 percent), hawker food including food courts (+1.7 percent) and catered food (+0.1 percent).

Core inflation, which excludes costs of accommodation and private road transport, rose 0.6 percent year-on-year from 0.5 percent in February and in line with market estimates. It is the highest figure since September 2015.

On a month-on-month basis, consumer prices remained unchanged in March, after declining 0.1 percent in February.

Statistics Singapore l Rida Husna | rida@tradingeconomics.com
4/25/2016 7:29:57 AM

Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -1.00 -0.80 34.00 -3.10 percent [+]
Inflation Rate Mom 0.00 -0.10 4.74 -1.87 percent [+]
Consumer Price Index CPI 98.91 98.87 100.25 24.17 Index Points [+]
Core Consumer Prices 99.90 99.73 100.30 63.85 Index Points [+]
Core Inflation Rate 0.60 0.50 3.50 -1.40 percent [+]
GDP Deflator 102.10 102.21 104.73 46.64 Index Points [+]
Producer Prices 72.00 70.70 114.45 65.46 Index Points [+]
Export Prices 82.30 82.60 196.09 82.30 Index Points [+]
Import Prices 75.80 75.20 121.21 72.14 Index Points [+]
Food Inflation 2.20 1.50 15.62 -7.71 percent [+]
Cpi Transportation 94.56 94.36 107.06 20.22 Index Points [+]




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Australia 1.30 Mar/16
Austria 0.70 Mar/16
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Bahrain 3.30 Mar/16
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Belgium 2.04 Apr/16
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Bolivia 3.28 Mar/16
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Brazil 9.39 Mar/16
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Canada 1.30 Mar/16
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China 2.30 Mar/16
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Comoros 1.40 Dec/14
Congo 2.04 Feb/16
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Czech Republic 0.30 Mar/16
Denmark 0.00 Mar/16
Djibouti 2.60 Mar/15
Dominican Republic 1.59 Mar/16
East Timor -1.60 Feb/16
Ecuador 2.32 Mar/16
Egypt 9.00 Mar/16
El Salvador 1.12 Mar/16
Equatorial Guinea 3.90 Dec/15
Eritrea 11.40 Dec/14
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Ethiopia 7.40 Apr/16
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France -0.20 Apr/16
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Georgia 3.20 Apr/16
Germany 0.10 Apr/16
Ghana 19.20 Mar/16
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Guinea 7.70 Mar/16
Guinea Bissau 3.10 Feb/16
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Haiti 14.80 Mar/16
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Hong Kong 3.00 Mar/16
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Iceland 1.60 Apr/16
India 4.83 Mar/16
Indonesia 3.60 Apr/16
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Iraq 1.50 Feb/16
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Ivory Coast 0.90 Mar/16
Jamaica 3.00 Mar/16
Japan -0.10 Mar/16
Jordan -1.67 Mar/16
Kazakhstan 16.30 Apr/16
Kenya 5.27 Apr/16
Kosovo 0.10 Mar/16
Kuwait 3.10 Mar/16
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Laos 1.13 Mar/16
Latvia -0.60 Mar/16
Lebanon -3.57 Mar/16
Lesotho 6.60 Feb/16
Liberia 8.00 Dec/15
Libya 10.10 Nov/15
Liechtenstein -0.90 Mar/16
Lithuania 1.20 Mar/16
Luxembourg 0.05 Mar/16
Macau 3.31 Mar/16
Macedonia -0.40 Mar/16
Madagascar 7.20 Feb/16
Malawi 22.10 Mar/16
Malaysia 2.60 Mar/16
Maldives 1.30 Feb/16
Mali -1.50 Feb/16
Malta 1.00 Mar/16
Mauritania -0.40 Mar/16
Mauritius 0.90 Mar/16
Mexico 2.60 Mar/16
Moldova 9.40 Mar/16
Mongolia 1.70 Mar/16
Montenegro -0.90 Mar/16
Morocco 1.80 Mar/16
Mozambique 13.61 Mar/16
Myanmar 15.19 Sep/15
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Netherlands 0.60 Mar/16
New Caledonia 0.90 Mar/16
New Zealand 0.40 Mar/16
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Niger 1.10 Mar/16
Nigeria 12.80 Mar/16
North Korea 55.00 Jul/13
Norway 3.30 Mar/16
Oman 0.10 Mar/16
Pakistan 4.17 Apr/16
Palestine 0.32 Mar/16
Panama 0.60 Mar/16
Papua New Guinea 6.40 Dec/15
Paraguay 4.50 Apr/16
Peru 3.91 Apr/16
Philippines 1.10 Mar/16
Poland -1.10 Apr/16
Portugal 0.40 Mar/16
Puerto Rico 0.50 Feb/16
Qatar 3.30 Mar/16
Republic of the Congo 3.70 Apr/15
Romania -3.00 Mar/16
Russia 7.30 Mar/16
Rwanda 5.80 Mar/16
Sao Tome and Principe 4.30 Feb/16
Saudi Arabia 4.30 Mar/16
Senegal 1.30 Mar/16
Serbia 0.60 Mar/16
Seychelles -3.20 Mar/16
Sierra Leone 8.85 Dec/15
Singapore -1.00 Mar/16
Slovakia -0.50 Mar/16
Slovenia -0.60 Apr/16
Somalia -4.00 Dec/14
South Africa 6.30 Mar/16
South Korea 1.00 Apr/16
South Sudan 245.20 Mar/16
Spain -1.10 Apr/16
Sri Lanka 3.10 Apr/16
Sudan 12.94 Feb/16
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Sweden 0.80 Mar/16
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Syria 43.02 Oct/15
Taiwan 2.00 Mar/16
Tajikistan 5.60 Mar/16
Tanzania 5.40 Mar/16
Thailand 0.07 Apr/16
Togo 1.10 Mar/16
Trinidad and Tobago 3.40 Feb/16
Tunisia 3.30 Mar/16
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Turkmenistan 7.00 Dec/15
Uganda 5.10 Apr/16
Ukraine 20.90 Mar/16
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Uruguay 10.60 Mar/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
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Zambia 21.80 Apr/16
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