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

The inflation rate in Singapore was recorded at -0.40 percent in May of 2015. Inflation Rate in Singapore averaged 2.76 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.

      Forecast
Singapore Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.50 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 Friday, July 3, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-23 06:00 AM Mar -0.3% -0.3% -0.5% -0.05%
2015-05-25 06:00 AM Apr -0.5% -0.3% -0.1% -0.1%
2015-06-23 06:00 AM May -0.4% -0.5% -0.45% -0.5%
2015-07-23 06:00 AM Jun -0.4% -0.2%
2015-08-25 06:00 AM Jul -0.15%
2015-09-23 06:00 AM Aug 0.04%


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.

Year-on-year, downward prices pressures came from: housing & utilities (-3.8 percent in May from -3.7 percent in April, largely due to a 12.4 percent drop in fuel & utilities and a 2.5 percent fall in accommodation); household durables & services (-2.0 percent from +1.7 percent, mainly due to a  2.9 percent decline in household services & supplies and a 0.5 percent drop in household durables); health (-0.2 percent from -0.4 percent, mainly due to a 0.5 percent decline in medical & dental treatment); recreation (-0.1 percent from -0.3 percent decline, mainly due to a 0.7 percent decline of holiday expenses) and miscellaneous goods & services (-0.3 percent from -0.4 percent, mainly due to a 2.1 percent decline in personal effects, a 0.5 percent fall of personal care, a 0.4 percent decline in alcoholic drinks & tobacco and a 0.1 percent drop in personal care).
 
In contrast, upward prices pressures came only from transport (+0.9 percent from -1.4 percent, mainly due to a 2.1 percent increase in public road transport  and a 1.0 percent rise in private road transport). Prices moderated for: communication (+0.3 percent from +2.1 percent) and education (+3.1 percent from + 3.2  percent).
 
Food inflation was recorded at 1.8 percent in May, following a 2.1 percent increase in the previous month. Food excluding food servicing services increased by 1.1 percent from 1.7 percent rise in April and  food servicing services rose 2.3 percent from 2.2 percent increase in the preceding month. Among food excluding food servicing services, prices increased  for bread & cereals (+1.2 percent); meat (+1.1 percent); fish & seafood (+1.5 percent); milk, cheese & eggs (+1.3 percent); oils & fats (+1.4 percent); vegetables (+1.6 percent); non-alcoholic beverages (+0.5 percent) and other food (+2.5 percent). In contrast, prices declined for fruits (-0.4 percent) and sugar, preserves & confectionery (-0.1 percent). Among food servicing services, while prices of catered food declined by 0.1 percent, prices increased for other components: restaurant foods (+3.3 percent), fast food (+1.7 percent) and hawker food including food courts (+1.7 percent).
 
Core inflation, which excludes costs of accommodation and private road transport, recorded at 0.1 percent year-on-year, slowing from 0.4 percent in April.
 
On a month-on-month basis, consumer prices accelerated 0.5 percent in May, following a 0.6 percent decline in the previous month. Price increased the most for housing & utilities (+2.0 percent), food (+0.2 percent), transport (+0.7 percent), clothing & footwear (+0.6 percent) and health (+0.4 percent). In contrast, prices dropped for household durables & services (-2.8 percent); communication (-1.8 percent), recreation & culture (-0.2 percent), education (-0.2 percent) and  miscellaneous goods & services (-0.1 percent).
 

Statistics Singapore l Rida Husna l rida@tradingeconomics.com
6/23/2015 10:15:06 AM


Recent Releases

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 Reports Deflation for the Fourth Straight Month
Singapore consumer prices dropped 0.3 percent year-on-year in February of 2015, following a 0.4 percent decline in the previous month and matching market forecasts. It is the longest slide since 2009, mainly due to a fall in cost of transport and housing & utilities.
Published on 2015-03-23

Singapore Deflation Above Forecasts in January
Singapore consumer prices dropped 0.4 percent year-on-year in January of 2015, following a 0.2 percent decline in the previous month. It is the third consecutive fall since 2009, mainly due to a drop in cost of transport, housing and clothing and footwear.
Published on 2015-02-23


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -0.40 -0.50 34.00 -3.10 percent [+]
Inflation Rate Mom 0.50 -0.60 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.77 99.32 100.25 24.17 Index Points [+]
Core Inflation Rate 0.10 0.40 3.50 -1.40 percent [+]
Core Consumer Prices 100.20 100.29 100.29 63.85 Index Points [+]
GDP Deflator 103.07 102.54 104.73 46.64 Index Points [+]
Producer Prices 83.80 82.40 114.45 65.46 Index Points [+]
Export Prices 89.70 88.80 196.09 87.40 Index Points [+]
Import Prices 85.70 84.30 121.21 72.14 Index Points [+]
Food Inflation 1.82 2.06 15.62 -7.71 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.80 May/15 16.40 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.20 May/15 -1.10 11.92 -1.37 percent [+]
Turkey 7.20 Jun/15 8.09 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]