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

Singapore consumer prices declined by 0.1 percent year-on-year in October of 2016, compared to a 0.2 percent drop in September while market expected a flat reading. It was the 24th straight month of decrease and the smallest fall in two years, as cost of housing & utilities and transport dropped at a slower pace while prices of food eased. Core inflation, which excludes costs of accommodation and private road transport, rose 1.1 percent year-on-year, following a 0.9 percent gain in September but below consensus of a 1.2 percent increase. It was the highest figure since June. On a month-on-month basis, consumer prices declined by 0.3 percent, after remaining unchanged in the prior month. It was the first drop since July. Inflation Rate in Singapore averaged 2.67 percent from 1962 until 2016, reaching an all time high of 34.00 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)
2016-09-23 05:00 AM Aug -0.3% -0.7% -0.4% -0.5%
2016-10-24 05:00 AM Sep -0.2% -0.3% -0.2% -0.15%
2016-11-23 05:00 AM Oct -0.1% -0.2% 0% -0.2%
2016-12-23 05:00 AM Nov -0.1% -0.2%
2017-01-25 05:00 AM Dec
2017-02-23 05:00 AM Jan




Singapore CPI Drops the Least in 2 Years


Singapore consumer prices declined by 0.1 percent year-on-year in October of 2016, compared to a 0.2 percent drop in September while market expected a flat reading. It was the 24th straight month of decrease and the smallest fall in two years, as cost of housing & utilities and transport dropped at a slower pace while prices of food eased.

Year-on-year, downward prices pressure came from: clothing & footwear (-0.2 percent from-1.2 percent in September), housing & utilities (-3.8 percent from -4.3 percent, largely due to a 3.8 percent drop in fuel & utilities and a 3.8 percent fall in accommodation) and transport (-0.2 percent from -0.5 percent, mainly due to a 0.8 percent fall in other travel & transport and a 0.7 percent drop in public road transport), communication (-0.3 percent from +0.2 percent) and miscellaneous goods & services (-0.4 percent from -0.3 percent, due to a 1.1 percent decline in personal care and a 0.7 percent fall in other miscellaneous expenditure)In contrast, upward prices pressure came from household durables & services (+3.2 percent from +3.1 percent, due to a 0.5 percent rise in household durables and a 4.8 percent increase in household services & supplies), health care (+0.9 percent from +0.6 percent,  mainly due to a 1.3 percent rise in medical & dental treatment), recreation & culture (+1.0 percent from +1.2 percent, largely due to a 6.0 percent increase in newspapers, book & stationery, a 1.7  percent in holiday expenses), education (+3.2 percent from +3.3 percent, due to a 3.2 percent rise in tuition & other fees and a 0.3 percent increase in school textbooks & related study guides).

Prices of food rose 1.9 percent in October, slowing from a 2.2 percent growth in a month earlier. Among food, cost of food excluding food servicing services increased by 2.1 percent, following a 2.7 percent rise in the preceding month while food servicing services rose 1.7 percent, compared to a 1.9 percent rise in a month earlier. Among food excluding food servicing services, cost increased for bread & cereals (+1.6 percent), meat (+2.2 percent); fish & seafood (+5.6 percent); milk, cheese & eggs (+1.0 percent), fruits (+1.7 percent), vegetables (+3.0 percent), non-alcoholic beverages (+1.7 percent) and other food (+2.2 percent). In contrast, prices declined  for oils & fats (-2.5 percent). Among food servicing services, prices increased for all categories: restaurant foods (+1.7 percent), fast food (+2.4 percent), hawker food including food courts (+1.7 percent) and catered food (+1.3 percent).

Core inflation, which excludes costs of accommodation and private road transport, rose 1.1 percent year-on-year, following a 0.9 percent gain in September but below consensus of a 1.2 percent increase. It was the highest figure since June.

On a month-on-month basis, consumer prices declined by 0.3 percent, after remaining unchanged in the prior month. It was the first drop since July, as cost fell for: housing & utilities (-1.7 percent) and miscellaneous goods & services (-0.2 percent). In contrast, cost went up for: clothing & footwear (+0.5 percent), household durables & services (+0.1 percent), health care (+0.4 percent), transport (+0.4 percent), communication (+0.6 percent), recreation & culture (+0.1 percent) and education (+0.1 percent). Prices remained unchanged for food.

Statistics Singapore l Rida Husna | rida@tradingeconomics.com
11/23/2016 6:15:24 AM



Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -0.10 -0.20 34.00 -3.10 percent [+]
Inflation Rate Mom -0.30 0.00 4.74 -1.87 percent [+]
Consumer Price Index CPI 98.88 99.16 100.25 24.17 Index Points [+]
Core Consumer Prices 100.96 100.80 100.96 63.85 Index Points [+]
Core Inflation Rate 1.10 0.90 3.50 -1.40 percent [+]
GDP Deflator 100.12 99.99 104.73 46.64 Index Points [+]
Producer Prices 74.60 73.10 114.45 65.46 Index Points [+]
Export Prices 83.00 81.90 196.09 81.80 Index Points [+]
Import Prices 78.10 77.30 121.21 72.14 Index Points [+]
Food Inflation 1.90 2.20 15.62 -7.71 percent [+]
Cpi Transportation 97.47 97.10 107.06 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.20 34.00 -3.10 1962 - 2016 percent Monthly
2009=100



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Albania 1.90 Nov/16
Algeria 4.76 Oct/16
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Argentina 40.50 Apr/16
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Australia 1.30 Sep/16
Austria 1.30 Oct/16
Azerbaijan 11.60 Oct/16
Bahamas -0.33 Jun/16
Bahrain 1.50 Oct/16
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Belgium 1.77 Nov/16
Belize 0.70 Oct/16
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Bhutan 3.31 Jun/16
Bolivia 3.88 Nov/16
Bosnia and Herzegovina -0.90 Oct/16
Botswana 2.70 Oct/16
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Brunei -0.50 Oct/16
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Burundi 6.00 Oct/16
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Cameroon 0.64 Jun/16
Canada 1.50 Oct/16
Cape Verde -1.30 Oct/16
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Central African Republic 38.04 Feb/16
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China 2.30 Nov/16
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Comoros 1.40 Dec/14
Congo 9.72 Oct/16
Costa Rica 0.56 Nov/16
Croatia -0.50 Oct/16
Cuba 4.50 Dec/16
Cyprus -1.40 Nov/16
Czech Republic 1.50 Nov/16
Denmark 0.30 Oct/16
Djibouti 3.70 Sep/16
Dominican Republic 0.91 Oct/16
East Timor -1.30 Oct/16
Ecuador 1.05 Nov/16
Egypt 19.40 Nov/16
El Salvador -0.82 Nov/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 1.00 Nov/16
Ethiopia 7.00 Nov/16
Euro Area 0.60 Nov/16
European Union 0.50 Oct/16
Fiji 4.70 Oct/16
Finland 0.50 Oct/16
France 0.50 Nov/16
Gabon 2.09 Feb/16
Gambia 7.43 Sep/16
Georgia 0.20 Nov/16
Germany 0.80 Nov/16
Ghana 15.80 Oct/16
Greece -0.90 Nov/16
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Guinea 8.50 Sep/16
Guinea Bissau 0.60 Oct/16
Guyana 0.80 Sep/16
Haiti 13.30 Oct/16
Honduras 3.04 Nov/16
Hong Kong 1.20 Oct/16
Hungary 1.10 Nov/16
Iceland 2.10 Nov/16
India 4.20 Oct/16
Indonesia 3.58 Nov/16
Iran 9.30 Oct/16
Iraq 0.30 Sep/16
Ireland -0.10 Nov/16
Israel -0.30 Oct/16
Italy 0.10 Nov/16
Ivory Coast 0.60 Oct/16
Jamaica 1.80 Oct/16
Japan 0.10 Oct/16
Jordan -0.50 Oct/16
Kazakhstan 8.70 Nov/16
Kenya 6.68 Nov/16
Kosovo 0.90 Oct/16
Kuwait 3.62 Oct/16
Kyrgyzstan -0.20 Oct/16
Laos 1.84 Sep/16
Latvia 1.30 Nov/16
Lebanon 1.13 Oct/16
Lesotho 5.70 Oct/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.30 Nov/16
Lithuania 1.00 Nov/16
Luxembourg 0.54 Nov/16
Macau 1.33 Oct/16
Macedonia -0.20 Nov/16
Madagascar 6.70 Sep/16
Malawi 20.10 Oct/16
Malaysia 1.40 Oct/16
Maldives 0.40 Sep/16
Mali -3.50 Aug/16
Malta 0.50 Oct/16
Mauritania 2.60 Oct/16
Mauritius 2.20 Nov/16
Mexico 3.31 Nov/16
Moldova 2.50 Oct/16
Mongolia -0.10 Oct/16
Montenegro 0.20 Oct/16
Morocco 1.60 Oct/16
Mozambique 25.53 Oct/16
Myanmar 10.67 Mar/16
Namibia 7.30 Oct/16
Nepal 6.70 Oct/16
Netherlands 0.60 Nov/16
New Caledonia -0.20 Oct/16
New Zealand 0.40 Sep/16
Nicaragua 3.30 Nov/16
Niger -0.60 Oct/16
Nigeria 18.30 Oct/16
North Korea 55.00 Jul/13
Norway 3.50 Nov/16
Oman 2.04 Oct/16
Pakistan 3.81 Nov/16
Palestine -1.67 Oct/16
Panama 1.40 Oct/16
Papua New Guinea 6.80 Jun/16
Paraguay 4.20 Nov/16
Peru 3.35 Nov/16
Philippines 2.50 Nov/16
Poland 0.00 Nov/16
Portugal 0.90 Oct/16
Puerto Rico -0.40 Oct/16
Qatar 2.20 Oct/16
Republic of the Congo 3.70 Apr/15
Romania -0.40 Oct/16
Russia 5.80 Nov/16
Rwanda 9.10 Oct/16
Sao Tome and Principe 5.80 Oct/16
Saudi Arabia 2.60 Oct/16
Senegal -0.30 Oct/16
Serbia 1.50 Oct/16
Seychelles -0.40 Nov/16
Sierra Leone 8.77 Mar/16
Singapore -0.10 Oct/16
Slovakia -0.30 Oct/16
Slovenia 0.60 Nov/16
Somalia -4.00 Dec/14
South Africa 6.40 Oct/16
South Korea 1.30 Nov/16
South Sudan 835.70 Oct/16
Spain 0.70 Nov/16
Sri Lanka 3.40 Nov/16
Sudan 19.60 Oct/16
Suriname 77.10 Sep/16
Swaziland 8.30 Sep/16
Sweden 1.20 Oct/16
Switzerland -0.30 Nov/16
Syria 44.50 May/16
Taiwan 1.97 Nov/16
Tajikistan 6.10 Oct/16
Tanzania 4.80 Nov/16
Thailand 0.60 Nov/16
Togo -1.10 Oct/16
Trinidad and Tobago 3.00 Sep/16
Tunisia 4.00 Nov/16
Turkey 7.00 Nov/16
Turkmenistan 7.00 Dec/15
Uganda 4.60 Nov/16
Ukraine 12.10 Nov/16
United Arab Emirates 1.90 Oct/16
United Kingdom 0.90 Oct/16
United States 1.60 Oct/16
Uruguay 8.10 Nov/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 4.52 Nov/16
Yemen 9.49 Nov/14
Zambia 8.80 Nov/16
Zimbabwe -0.95 Oct/16