Singapore Inflation Rate

The inflation rate in Singapore was recorded at 1.20 percent in March of 2014. Inflation Rate in Singapore is reported by the Statistics Singapore. Inflation Rate in Singapore averaged 2.81 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. 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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.20 0.40 34.00 -3.10 2.16 | 2014/04 1962 - 2014 Percent Monthly
2009=100

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Singapore Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-23 05:00 AM Singapore
Inflation Rate YoY
Dec 2013 1.5% 2.6% 2.2% 2.12%
2014-02-24 05:00 AM Singapore
Inflation Rate YoY
Jan 2014 1.4% 1.5% 1.62%
2014-03-24 05:00 AM Singapore
Inflation Rate YoY
Feb 2014 0.4% 1.4% 1.08%
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 1.2% 2.16%
2014-06-23 06:00 AM Singapore
Inflation Rate YoY
May 2014 1.97%
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Prices Last Previous Highest Lowest Forecast Unit
Core Inflation Rate 2.00 2014-03-15 1.60 3.50 -1.40 2.15 2014-04-30 Percent [+]
Inflation Rate 1.20 2014-03-31 0.40 34.00 -3.10 2.16 2014-04-30 Percent [+]
Consumer Price Index (CPI) 117.31 2014-03-15 116.98 117.31 28.30 117.16 2014-04-30 Index Points [+]
Core Consumer Prices 115.06 2014-03-15 114.46 115.06 79.21 115.79 2014-04-30 Index Points [+]
Export Prices 97.06 2014-02-15 97.16 196.09 87.69 96.99 2014-03-31 Index Points [+]
GDP Deflator 114.27 2013-11-15 112.79 115.53 51.84 113.73 2014-03-31 Index Points [+]
Import Prices 97.85 2014-02-15 97.79 121.21 72.14 97.84 2014-03-31 Index Points [+]
Inflation Rate Mom 0.30 2014-03-31 -0.10 4.74 -1.87 0.30 2014-04-30 Percent [+]
Producer Prices 98.30 2014-02-15 98.26 121.20 69.32 98.24 2014-03-31 Index Points [+]
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Singapore Inflation Rate Edges Up in March

Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.

The cost of private road transport fell by 2.8 percent in March, compared with the 7.1 percent correction in the preceding month. The smaller decline reflects the dissipation of high base effects of car prices a year ago. 

Accommodation cost rose by 1.7 percent in March, after increasing by 2.0 percent in February, as imputed rentals on owner-occupied accommodation inched up at a slower pace. 

Services inflation edged up to 2.4 percent, from 2.1 percent in February, led by the stronger increase in the cost of household services and holiday travel. 

Food inflation was 2.9 percent in March, higher than the 2.3 percent in February, mainly as a result of the dissipation of the base effects associated with Chinese New Year. The price increase for non-cooked food was steeper at 2.9 percent in March compared with 1.4 percent in the preceding month. 

Prices of oil-related items fell modestly by 0.3 percent in March, following the 1.8 percent decline in February, as the lower electricity and gas tariffs were partially offset by the rise in petrol pump prices. 

CPI less imputed rentals on owner-occupied accommodation rose at a faster pace of 1.1 percent in March. 

MAS Core Inflation, which excludes the cost of accommodation and private road transport, rose to 2.0 percent from 1.6 percent a month ago, mainly on account of higher contributions from food prices and services costs.  

On a monthly basis, the inflation rate accelerated 0.3 percent, following a 0.1 percent drop in the previous period. 

Ministry of Trade and Industry | Joana Taborda | joana.taborda@tradingeconomics.com
4/23/2014 8:58:38 AM

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Singapore Inflation Rate Slows to 4-Year Low
In February of 2014, Singapore’s annual inflation rate slowed sharply to 0.4 percent, the lowest level since January of 2010, due to a sharp drop in car prices which largely reflected a higher base in February last year. Published on 2014-03-24

Singapore Inflation Rate Decelerates in January
In January of 2014, Singapore’s annual inflation rate inched down to 1.4 percent from 1.5 percent in December last year, due to a more moderate increase in accommodation cost and a larger decline in private road transport cost. On a monthly basis, prices rose 0.1 percent. Published on 2014-02-24


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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