Singapore Inflation Rate

The inflation rate in Singapore was recorded at 1.80 percent in June 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.

   
 
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Singapore Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.70 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.


Singapore Inflation Rate Slows to 1.8% in June


Singapore’s annual inflation rate eased to 1.8 percent in June of 2014 from 2.7 percent in May mainly due to a more moderate increase in car prices. Cost of other major categories, except food, were also slightly lower in the month.

Private road transport cost edged up by 2.8 percent in June, a smaller rise compared to the 8.1 percent surge a month  earlier, largely due to the sharp correction in COE (certificate of entitlement) premiums in May.
 
Accommodation cost increased at a slower pace of 0.5 percent compared to 0.9 percent in May, as imputed rentals on owner-occupied accommodation (OOA) picked up more modestly.
 
Services inflation eased to 2.2 percent from 2.5 percent in the preceding month, owing to lower contributions from  the cost of holiday travel, telecommunication and medical insurance.
 
Food inflation came in at 3.2 percent, higher than the 3.0 percent a month ago, reflecting steeper price increases of both non-cooked food items and prepared meals.
 
MAS Core Inflation eased to 2.1 percent in June from 2.2 percent a month ago, as the steeper increase in food prices was more than offset by  the decline in services inflation. The calculations of core inflation excludes changes in the price of private road transport and accommodation since these are typically influenced by the government policies.

 On a month-on-month basis, the CPI fell 0.7 percent in June after a 0.5 percent rise in May.

Ministry of Trade and Industry l Rida l rida@tradingeconomics.com
7/23/2014 9:42:58 AM


Recent Releases

Singapore Inflation Rate Accelerates Further In May
Singapore’s annual inflation rate picked up to 2.7 percent in May of 2014 from 2.5 percent in April due to base effect associated with the fluctuations in COE (certificate of entitlement) premiums. Price increases for all other major categories moderated slightly during the month. Published on 2014-06-23

Singapore Inflation Rate Accelerates in April
Singapore’s annual inflation rate came in at 2.5 percent in April of 2014 from 1.2 percent in March, mainly driven by a rise in car prices due to the low base in 2013. All other major categories, except accommodation, also experienced slightly stronger price increases during the month. Published on 2014-05-23


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-23 06:00 AM Singapore
Inflation Rate YoY
Mar 2014 1.2% 0.4% 1.1% 1.37%
2014-05-23 06:00 AM Singapore
Inflation Rate YoY
Apr 2014 2.5% 1.2% 2.6% 2.16%
2014-06-23 06:00 AM Singapore
Inflation Rate YoY
May 2014 2.7% 2.5% 2.6% 2.64%
2014-07-23 06:00 AM Singapore
Inflation Rate YoY
Jun 2014 1.8% 2.7% 2.4% 2.39%
2014-08-25 06:00 AM Singapore
Inflation Rate YoY
Jul 2014 1.8% 2.89%


Prices Last Previous Highest Lowest Unit
Inflation Rate 1.80 2.70 34.00 -3.10 Percent [+]
Inflation Rate Mom -0.70 0.50 4.74 -1.87 Percent [+]
Consumer Price Index (CPI) 116.94 117.71 117.71 28.30 Index Points [+]
Core Inflation Rate 2.10 2.20 3.50 -1.40 Percent [+]
Core Consumer Prices 115.21 115.75 115.75 79.21 Index Points [+]
GDP Deflator 104.51 102.96 115.53 51.84 Index Points [+]
Producer Prices 96.52 96.86 121.20 69.32 Index Points [+]
Export Prices 95.74 96.12 196.09 87.69 Index Points [+]
Import Prices 96.66 96.56 121.21 72.14 Index Points [+]
Food Inflation 3.20 2.98 15.62 -7.71 Percent [+]





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