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

Singapore consumer prices fell 1.6 percent year-on-year in May of 2016, following a 0.5 percent drop in April and missing market estimates of a 0.8 percent decline. It was the 19th straight month of fall and the sharpest decline since August 1986. In May, while cost of housing & utilities and transport decreased further, prices of food eased. Core inflation, which excludes costs of accommodation and private road transport, rose 1.0 percent year-on-year from 0.8 percent in April but below market expectations of 1.2 percent. It was the highest figure since March 2015. On a month-on-month basis, consumer prices dropped by 0.7 percent, compared to a 0.1 percent fall in April. Inflation Rate in Singapore averaged 2.69 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
-1.60 -0.50 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-25 05:00 AM Mar -1.0% -0.8% -0.7% -0.92%
2016-05-23 05:00 AM Apr -0.5% -1% -0.7% -0.4%
2016-06-23 05:00 AM May -1.6% -0.5% -0.8% -0.44%
2016-07-25 05:00 AM Jun -1.6% -0.6%
2016-08-24 05:00 AM Jul -0.5%
2016-09-23 05:00 AM Aug -1.84%

Singapore Deflation Deepest in Nearly 30 Years


Singapore consumer prices fell 1.6 percent year-on-year in May of 2016, following a 0.5 percent drop in April and missing market estimates of a 0.8 percent decline. It was the 19th straight month of fall and the sharpest decline since August 1986. In May, while cost of housing & utilities and transport decreased further, prices of food eased.

Year-on-year, downward prices pressure came from: housing & utilities (-6.4 percent in May from -1.9 percent in April, largely due to a 9.5 percent drop in fuel & utilities and a 6.0 percent fall in accommodation) and clothing & footwear (-0.3 percent from +1.8 percent). Cost also declined for: transport (-5.7 percent from -5.4 percent, due to a 7.6 percent decline in private road transport, a 0.8 percent fall in other travel & transport and a 0.6 percent in public road transport) and communication (-0.1 percent from -1.9 percent). In contrast, upward prices pressure came from: household durables & services (+3.3 percent from +0.2 percent, mainly due to a 1.2 percent rise in household durables and a 4.6 percent increase in household services & supplies),  health care (+1.0 percent from +1.1 percent, mainly due to a 1.2 percent rise in medical & dental treatment and a 0.4 percent rise in medical products, appliances & equipment), recreation & culture (+1.1 percent from +1.0 percent, mainly due to a 6.1 percent increase in newspapers, book & stationery, a 1.4 percent in holiday expenses and a 0.2 percent rise in recreation & entertainment), education (+3.2 percent from +3.1 percent, mostly due to a 3.3 percent increase in tuition & other fees) and miscellaneous goods & services (+0.2 percent from +0.6 percent, mainly due to a 0.7 percent rise in personal effects, a 0.2 percent growth in other miscellaneous expenditure and a 0.3 percent rise in personal care).

Prices of food rose 2.2 percent in May, down from a 2.3 percent rise in a month earlier. Among food, cost of food excluding food servicing services increased by 2.5 percent, following a 2.6 percent rise in the preceding month while food servicing services rose 2.0 percent, after a 2.2 percent rise in March. Among food excluding food servicing services, cost increased for most of components. Prices of bread & cereals rose 1.2 percent; meat (+1.2 percent); fish & seafood (+5.0 percent); fruits (+3.6 percent); milk, cheese & eggs (+2.5 percent), vegetables (+5.1 percent); sugar, preserves & confectionery (+0.8 percent), non-alcoholic beverages (+0.2 percent)  and other food (+1.7 percent). In contrast, prices declined by 1.8 percent for oils & fats. Among food servicing services, prices increased for all categories: restaurant foods (+2.4 percent), fast food (+2.9 percent), hawker food including food courts (+1.6 percent) and catered food (+0.8 percent).

Core inflation, which excludes costs of accommodation and private road transport, rose 1.0 percent year-on-year from 0.8 percent in April but below market expectations of 1.2 percent. It was the highest figure since March 2015. 

On a month-on-month basis, consumer prices dropped by 0.7 percent, compared to a 0.1 percent fall in April. Cost declined for: clothing & footwear (-1.5 percent), housing & utilities (-2.7 percent), recreation & culture (-0.1 percent) and miscellaneous goods & services (-0.5 percent). In contrast, prices went up for: household durables & services (+0.1 percent), health care (+0.3 percent) and transport (+0.3 percent). Prices remained unchanged for food and communication.


Statistics Singapore l Rida Husna | rida@tradingeconomics.com
6/23/2016 7:42:29 AM

Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -1.60 -0.50 34.00 -3.10 percent [+]
Inflation Rate Mom -0.70 -0.10 4.74 -1.87 percent [+]
Consumer Price Index CPI 98.22 98.86 100.25 24.17 Index Points [+]
Core Consumer Prices 99.93 99.93 100.30 63.85 Index Points [+]
Core Inflation Rate 1.00 0.80 3.50 -1.40 percent [+]
GDP Deflator 102.35 102.10 104.73 46.64 Index Points [+]
Producer Prices 71.50 72.00 114.45 65.46 Index Points [+]
Export Prices 81.80 82.30 196.09 81.80 Index Points [+]
Import Prices 75.90 75.80 121.21 72.14 Index Points [+]
Food Inflation 2.20 2.30 15.62 -7.71 percent [+]
Cpi Transportation 95.01 94.72 107.06 20.22 Index Points [+]




Last
Afghanistan 5.00 May/16
Albania 0.70 May/16
Algeria 6.08 May/16
Angola 29.23 May/16
Argentina 40.50 Apr/16
Armenia -2.10 May/16
Aruba -1.60 Apr/16
Australia 1.30 Mar/16
Austria 0.60 May/16
Azerbaijan 10.50 Apr/16
Bahamas 2.00 Dec/15
Bahrain 3.70 May/16
Bangladesh 5.45 May/16
Barbados -1.40 Feb/16
Belarus 12.40 May/16
Belgium 2.20 May/16
Belize 0.10 Apr/16
Benin -0.10 May/16
Bhutan 3.03 Mar/16
Bolivia 5.02 May/16
Bosnia and Herzegovina -1.60 May/16
Botswana 2.80 May/16
Brazil 9.32 May/16
Brunei -0.30 May/16
Bulgaria -2.00 May/16
Burkina Faso 2.00 May/16
Burundi 2.70 May/16
Cambodia 2.03 Mar/16
Cameroon 1.47 Dec/15
Canada 1.50 May/16
Cape Verde -1.00 May/16
Cayman Islands -2.80 Mar/16
Central African Republic 25.58 Jun/14
Chad 0.60 Apr/16
Chile 4.20 May/16
China 2.00 May/16
Colombia 8.20 May/16
Comoros 1.40 Dec/14
Congo 2.16 Apr/16
Costa Rica 0.43 May/16
Croatia -1.80 May/16
Cuba 4.40 Dec/15
Cyprus -2.13 May/16
Czech Republic 0.10 May/16
Denmark 0.10 May/16
Djibouti 2.60 Mar/15
Dominican Republic 1.71 May/16
East Timor -1.70 May/16
Ecuador 1.63 May/16
Egypt 12.30 May/16
El Salvador 0.73 May/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia -0.90 May/16
Ethiopia 7.90 May/16
Euro Area -0.10 May/16
European Union -0.10 May/16
Fiji 5.20 May/16
Finland 0.30 May/16
France 0.00 May/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 2.10 May/16
Germany 0.10 May/16
Ghana 18.90 May/16
Greece -0.90 May/16
Guatemala 4.27 May/16
Guinea 8.20 May/16
Guinea Bissau 2.20 Apr/16
Guyana 0.30 Mar/16
Haiti 15.10 May/16
Honduras 2.36 May/16
Hong Kong 2.60 May/16
Hungary -0.20 May/16
Iceland 1.60 Jun/16
India 5.76 May/16
Indonesia 3.33 May/16
Iran 7.40 Apr/16
Iraq 2.50 May/16
Ireland 0.00 May/16
Israel -0.80 May/16
Italy -0.30 May/16
Ivory Coast 2.30 May/16
Jamaica 2.10 May/16
Japan -0.30 Apr/16
Jordan -1.60 May/16
Kazakhstan 16.70 May/16
Kenya 5.00 May/16
Kosovo -0.10 May/16
Kuwait 2.80 May/16
Kyrgyzstan 0.30 May/16
Laos 0.96 Apr/16
Latvia -0.80 May/16
Lebanon -2.45 May/16
Lesotho 7.80 Apr/16
Liberia 7.10 Mar/16
Libya 10.10 Nov/15
Liechtenstein -0.40 May/16
Lithuania 0.50 May/16
Luxembourg -0.03 May/16
Macau 2.64 May/16
Macedonia -0.70 May/16
Madagascar 6.20 Apr/16
Malawi 21.50 May/16
Malaysia 2.00 May/16
Maldives 0.60 Apr/16
Mali -0.60 May/16
Malta 1.00 May/16
Mauritania 0.90 Apr/16
Mauritius 0.80 May/16
Mexico 2.60 May/16
Moldova 7.90 May/16
Mongolia 1.80 May/16
Montenegro -1.00 May/16
Morocco 1.90 May/16
Mozambique 18.27 May/16
Myanmar 14.59 Nov/15
Namibia 6.70 May/16
Nepal 10.00 May/16
Netherlands 0.00 May/16
New Caledonia 0.80 May/16
New Zealand 0.40 Mar/16
Nicaragua 3.70 May/16
Niger 2.10 May/16
Nigeria 15.60 May/16
North Korea 55.00 Jul/13
Norway 3.40 May/16
Oman 1.14 May/16
Pakistan 3.17 May/16
Palestine -0.31 May/16
Panama 0.30 May/16
Papua New Guinea 6.40 Dec/15
Paraguay 3.50 May/16
Peru 3.54 May/16
Philippines 1.60 May/16
Poland -0.90 May/16
Portugal 0.30 May/16
Puerto Rico -0.20 Apr/16
Qatar 2.60 May/16
Republic of the Congo 3.70 Apr/15
Romania -3.50 May/16
Russia 7.30 May/16
Rwanda 4.40 May/16
Sao Tome and Principe 6.00 Apr/16
Saudi Arabia 4.10 May/16
Senegal 1.30 Apr/16
Serbia 0.70 May/16
Seychelles -1.20 May/16
Sierra Leone 8.85 Dec/15
Singapore -1.60 May/16
Slovakia -0.80 May/16
Slovenia -0.40 May/16
Somalia -4.00 Dec/14
South Africa 6.10 May/16
South Korea 0.80 May/16
South Sudan 295.00 May/16
Spain -1.00 May/16
Sri Lanka 4.80 May/16
Sudan 13.98 May/16
Suriname 46.10 Apr/16
Swaziland 8.50 Apr/16
Sweden 0.60 May/16
Switzerland -0.40 May/16
Syria 44.70 Nov/15
Taiwan 1.24 May/16
Tajikistan 5.20 May/16
Tanzania 5.20 May/16
Thailand 0.46 May/16
Togo 2.40 May/16
Trinidad and Tobago 3.50 Apr/16
Tunisia 3.60 May/16
Turkey 6.58 May/16
Turkmenistan 7.00 Dec/15
Uganda 5.40 May/16
Ukraine 7.50 May/16
United Arab Emirates 1.60 May/16
United Kingdom 0.30 May/16
United States 1.00 May/16
Uruguay 11.00 May/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 2.40 Jun/16
Yemen 9.49 Nov/14
Zambia 21.30 May/16
Zimbabwe -1.69 May/16