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

The inflation rate in Singapore was recorded at 0.10 percent in October 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
0.10 0.60 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 Thursday, November 27, 2014.


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.

Year-on-year, private road transport cost decreased by 5.6 percent in October, following a 2.8 percent fall in the previous month, largely due to the high base a year ago. Accommodation cost declined by 1.0 percent, extending a 0.6 percent correction in September, as a result of the soft housing rental market. Prices of oil-related items, including electricity tariffs and petrol pump fell by 2.1 percent, after dropping by 0.6 percent in the preceding month, given the recent weakness in oil prices. Food inflation moderated to 2.8 percent as prices of both non-cooked food items and prepared meals rose at a slower pace. Services inflation came in at 1.7 percent, unchanged from the preceding month, as the higher cost of recreation & entertainment and holiday travel were offset by smaller increases in school tuition fees and household services.

Core Inflation, which excludes the costs of accommodation and private road transport, moderated to 1.7 percent in October, down from 1.9 percent in September, largely due to a steeper decline in electricity tariffs and lower food prices.

On a month-on-month basis, the consumer price index fell 0.4 percent in October, following a 0.1 percent drop in September, mostly due to lower cost of: electricity (-1.6 percent), accommodation (-1.9 percent) and private road transport (-0.6 percent).

Ministry of Trade and Industry l Rida l rida@tradingeconomics.com
11/24/2014 12:13:01 PM


Recent Releases

Singapore Inflation Slows Further in September
Singapore’s annual inflation rate eased to 0.6 percent in September of 2014, down further from 0.9 percent in August, due to a smaller increase in services cost and a decline in accommodation cost. Published on 2014-10-23

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. Published on 2014-09-23


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-23 06:00 AM
Inflation Rate YoY  Aug 2014
0.9% 1.2% 1.2% 1.19%
2014-10-23 06:00 AM
Inflation Rate YoY  Sep 2014
0.6% 0.9% 1% 0.8%
2014-11-24 05:00 AM
Inflation Rate YoY  Oct 2014
0.1% 0.6% 0.6% 0.55%
2014-12-23 05:00 AM
Inflation Rate YoY  Nov 2014
0.1% -0.46%
2015-01-23 05:00 AM
Inflation Rate YoY  Dec 2014
-0.4%
2015-02-23 05:00 AM
Inflation Rate YoY  Jan 2015
-0.65%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.10 0.60 34.00 -3.10 percent [+]
Inflation Rate Mom -0.40 -0.10 4.74 -1.87 percent [+]
Consumer Price Index CPI 116.54 117.02 117.71 28.30 Index Points [+]
Core Inflation Rate 1.70 1.90 3.50 -1.40 percent [+]
Core Consumer Prices 114.68 114.84 115.75 79.21 Index Points [+]
GDP Deflator 100.26 104.16 115.53 51.84 Index Points [+]
Producer Prices 93.74 94.56 121.20 69.32 Index Points [+]
Export Prices 94.92 94.90 196.09 87.69 Index Points [+]
Import Prices 94.34 95.02 121.21 72.14 Index Points [+]
Food Inflation 2.80 2.90 15.62 -7.71 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.59 Oct/14 6.75 6821.31 1.65 percent [+]
Canada 2.40 Oct/14 2.00 21.60 -17.80 percent [+]
China 1.60 Oct/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.40 Oct/14 0.30 5.00 -0.70 percent [+]
France 0.50 Oct/14 0.30 18.80 -0.70 percent [+]
Germany 0.60 Nov/14 0.80 11.54 -7.62 percent [+]
India 5.52 Oct/14 6.46 11.16 5.52 percent [+]
Indonesia 4.83 Oct/14 4.53 82.40 -1.17 percent [+]
Italy 0.10 Oct/14 -0.20 25.64 -2.44 percent [+]
Japan 3.20 Sep/14 3.30 25.00 -2.52 percent [+]
Mexico 4.30 Oct/14 4.22 179.73 2.91 percent [+]
Netherlands 1.10 Oct/14 0.90 11.19 -1.30 percent [+]
Russia 8.30 Oct/14 8.00 2333.30 3.60 percent [+]
South Korea 1.20 Oct/14 1.10 32.50 0.20 percent [+]
Spain -0.40 Nov/14 -0.10 28.43 -1.37 percent [+]
Switzerland 0.00 Oct/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.96 Oct/14 8.86 138.71 -4.01 percent [+]
United Kingdom 1.30 Oct/14 1.20 8.50 0.50 percent [+]
United States 1.70 Oct/14 1.70 23.70 -15.80 percent [+]