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

The inflation rate in Singapore was recorded at -0.40 percent in July of 2015. Inflation Rate in Singapore averaged 2.75 percent from 1962 until 2015, 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
-0.40 -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 Tuesday, September 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-23 06:00 AM May -0.4% -0.5% -0.45% -0.5%
2015-07-23 06:00 AM Jun -0.3% -0.4% -0.3% -0.2%
2015-08-24 06:00 AM Jul -0.4% -0.3% -0.2% -0.30%
2015-09-23 06:00 AM Aug -0.4% -0.3%
2015-10-23 06:00 AM Sep -0.12%
2015-11-24 05:00 AM Oct 0.02%


Singapore Deflation Worsens in July


Singapore consumer prices dropped 0.4 percent year-on-year in July of 2015 from a 0.3 percent decline in the previous month and missing market consensus. It is the longest slide since 2009, mainly due to a decline in cost of housing & utilities and household durables & services while cost of food and transport eased.

Year-on-year, downward prices pressures came from: housing & utilities (-3.5 percent in July from -3.9 percent in June, largely due to a 8.6 percent drop in fuel & utilities and a 2.8 percent fall in accommodation); household durables & services (-2.0 percent from -1.8 percent, mainly due to a  2.8 percent decline in household services & supplies and a 0.7 percent drop in household durables); health (-0.4 percent from -0.3 percent, mainly due to a 0.9 percent decline in medical & dental treatment); communication (-0.2 percent from +0.5 percent) and  miscellaneous goods & services (-0.7 percent from -0.1 percent, mainly due to a decline in  personal care (-0.7 percent), alcoholic drinks & tobacco (-0.5 percent) and decline in alcoholic drinks & tobacco and personal effects (-2.3 percent). In contrast, upward prices pressures came  from clothing & footwear (+0.8 percent from +0.2 percent), recreation (+0.3 percent from +0.1 percent, mainly due to a 1.6 percent increase in newspaper, books & stationery) and education (+0.3 percent from +0.1 percent, mainly due to a 3.6 percent increase in tuition & other fees). 

Prices moderated for food (+1.9 percent from +2.0 percent) and transport (+0.1 percent from +0.9 percent, as a 2.2 percent increase in public road transport offset a 3.2 decline in other travel & transport offset and a 0.1 percent drop in private road transport).

Among food, cost of food excluding food servicing services decreased by 0.8 percent, following a 1.1 percent increase in the previous month while food servicing services rose 2.4  percent, unchanged from June 2015. Among food excluding food servicing services, prices increased  for bread & cereals (+1.2 percent); fish & seafood (+1.5 percent); milk, cheese & eggs (+1.9 percent); fruits (+1.3 percent); sugar, preserves & confectionery (+0.6 percent) and other food (+2.4 percent). In contrast, prices declined for meat (-0.2 percent); oils & fats (-0.4 percent); vegetables (-0.3 percent) and non-alcoholic beverages (-1.1 percent). Among food servicing services, while prices of catered food declined by 0.2 percent, prices increased for other components: restaurant foods (+4.1 percent), fast food (+1.5 percent) and hawker food including food courts (+1.6 percent).

Core inflation, which excludes costs of accommodation and private road transport, recorded at 0.4 percent year-on-year, slowing from 0.2 percent in June.

On a month-on-month basis, consumer prices also dropped 0.4 percent in July, following a 0.1 percent fall in the previous month. Price declined the most for housing & utilities (-1.2 percent), followed by transport (-1.0 percent), communication (-0.5 percent) and recreation & culture (-0.1 percent). In contrast, prices rose for food (+0.1 percent), clothing & footwear (+1.3 percent),  household durables & services (+0.1 percent), healthcare (+0.6 percent), education (+0.7 percent) and miscellaneoous goods & services (+0.2 percent).

During January to July 2015, consumer prices dropped 0.4 percent.

Statistics Singapore l Rida Husna l rida@tradingeconomics.com
8/24/2015 6:44:22 AM


Recent Releases

Singapore Deflation Slows in June
Singapore consumer prices dropped 0.3 percent year-on-year in June of 2015 from a 0.4 percent decline in the previous month and matching market consensus. It is the longest slide since 2009, mainly due to a decline in cost of housing & utilities and household durables & services while cost of food increased.
Published on 2015-07-23

Singapore Deflation Eases in May
Singapore consumer prices dropped 0.4 percent year-on-year in May of 2015 from a 0.5 percent decline in the previous month and above market forecasts. It is the longest slide since 2009, mainly due to a decline in cost of housing & utilities and household durables & services.
Published on 2015-06-23

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.
Published on 2015-05-25

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 Prices Last Previous Highest Lowest Unit
Inflation Rate -0.40 -0.30 34.00 -3.10 percent [+]
Inflation Rate Mom -0.40 -0.10 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.32 99.67 100.25 24.17 Index Points [+]
Core Inflation Rate 0.40 0.20 3.50 -1.40 percent [+]
Core Consumer Prices 100.25 100.15 100.30 63.85 Index Points [+]
GDP Deflator 102.08 103.26 104.73 46.64 Index Points [+]
Producer Prices 80.70 83.40 114.45 65.46 Index Points [+]
Export Prices 88.70 89.80 196.09 87.40 Index Points [+]
Import Prices 83.20 85.60 121.21 72.14 Index Points [+]
Food Inflation 1.90 2.00 15.62 -7.71 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 9.56 Jul/15 8.89 6821.31 1.65 percent [+]
Canada 1.30 Jul/15 1.00 21.60 -17.80 percent [+]
China 1.60 Jul/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.20 Aug/15 0.20 5.00 -0.70 percent [+]
France 0.20 Jul/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Aug/15 0.20 11.54 -7.62 percent [+]
India 3.78 Jul/15 5.40 11.16 3.78 percent [+]
Indonesia 7.18 Aug/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Aug/15 0.20 25.64 -0.60 percent [+]
Japan 0.20 Jul/15 0.40 25.00 -2.52 percent [+]
Mexico 2.74 Jul/15 2.87 179.73 2.74 percent [+]
Netherlands 1.00 Jul/15 1.00 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Aug/15 0.70 32.50 0.20 percent [+]
Spain -0.40 Aug/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.30 Jul/15 -1.00 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.10 Jul/15 0.00 8.50 -0.10 percent [+]
United States 0.20 Jul/15 0.10 23.70 -15.80 percent [+]