Singapore Inflation Rate  1962-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Singapore rose 0.7 percent year-on-year in March of 2017, the same as in February and in line with markets expectations. The inflation rate remained at its highest level since August 2014, mainly driven by an increase in cost of food and transport while cost of housing continued to fall. Core consumer prices which exclude costs of accommodation and private road transport, went up 1.2 percent year-on-year, the same as in the prior month. On a month-on-month basis, consumer prices remained unchanged, the same as in February. Inflation Rate in Singapore averaged 2.65 percent from 1962 until 2017, reaching an all time high of 34 percent in March of 1974 and a record low of -3.10 percent in September of 1976.

Singapore Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-23 05:00 AM Jan 0.6% 0.2% 0.6% 0.5%
2017-03-23 05:00 AM Feb 0.7% 0.6% 0.7% 1%
2017-04-24 05:00 AM Mar 0.7% 0.7% 0.7% 0.8%
2017-05-23 05:00 AM Apr 0.7% 0.8%
2017-06-23 05:00 AM May 1.2%
2017-07-25 05:00 AM Jun 0.8%




Singapore Inflation Rate Steady At 0.7% In March


Consumer prices in Singapore rose 0.7 percent year-on-year in March of 2017, the same as in February and in line with markets expectations. The inflation rate remained at its highest level since August 2014, mainly driven by an increase in cost food and transport while cost of housing continued to fall.

Year-on-year, upward prices pressure came from: household durables & services (1.6 percent from 1.5 percent in the prior month, largely due to a  2.7 percent increase in household services & supplies); health care (2.8 percent from 2.6 percent, mainly driven by a 3.3 percent rise in medical & dental treatment and a 1.1 percent gain in medical products, appliances & equipment); transport (4.5 percent from 4.2 percent, mainly due to a 6.9 percent rise in private road transport and a 0.1 percent rise in other travel & transport); recreation & culture (0.3 percent from 0.5 percent, largely due to a 0.2 percent increase in newspapers, book & stationery and a 0.9 percent growth in holiday expenses); education (3.6 percent from 3.6 percent, due to a 3.7 percent rise in tuition & other fees and a 0.1 percent increase in school textbooks & related study guides) and miscellaneous goods & services (0.2 percent from -0.6 percent. In contrast, cost declined for: clothing & footwear (-0.9 percent from-0.2 percent); housing & utilities (-3.2 percent from -3.1 percent, largely due to a 4.0 percent drop in accommodation) and communication (-0.4 percent from  0.7 percent).

Prices of food rose 1.3 percent in March, the same as in February. Among food excluding food servicing services, cost increased for bread & cereals (0.7 percent); fish & seafood (2.3 percent); milk, cheese & eggs (0.5 percent); fruits (3.0 percent); vegetables (0.2 percent); sugar, preserves & confectionery (1.0 percent); non-alcoholic beverages (0.1 percent) and other food (0.7 percent). In contrast, prices fell for meat (-0.1 percent ) and oils & fats (-3.0 percent). Among food servicing services, prices increased for all categories: restaurant foods (1.2 percent), fast food (2.2 percent), hawker food including food courts (1.7 percent) and catered food (2.5 percent).

Core consumer prices, which exclude costs of accommodation and private road transport, went up 1.2 percent year-on-year, unchanged from the prior month.

On a month-on-month basis, consumer prices remained unchanged in March, the same as in a month earlier.

Statistics Singapore | Rida Husna | rida@tradingeconomics.com
4/24/2017 9:42:20 AM



Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.70 34.00 -3.10 percent [+]
Inflation Rate Mom 0.00 0.00 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.56 99.52 100.25 24.17 Index Points [+]
Core Consumer Prices 101.90 101.70 101.90 63.85 Index Points [+]
Core Inflation Rate 1.20 1.20 3.50 -1.40 percent [+]
GDP Deflator 103.49 101.24 104.73 46.64 Index Points [+]
Producer Prices 81.30 81.50 114.45 65.46 Index Points [+]
Export Prices 86.60 88.00 196.09 81.70 Index Points [+]
Import Prices 82.40 84.20 121.21 72.14 Index Points [+]
Food Inflation 1.30 1.30 15.62 -7.71 percent [+]
Producer Prices Change 10.70 15.30 29.27 -22.20 percent [+]
Cpi Transportation 98.80 98.30 107.06 20.22 Index Points [+]


Singapore Inflation Rate Notes

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 34.00 -3.10 1962 - 2017 percent Monthly
2014=100



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