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

The inflation rate in Singapore was recorded at -0.30 percent in March of 2015. 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.

     Forecast  
Singapore Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.30 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 Sunday, April 26, 2015.


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.

Year-on-year, prices fell for: transport (-2.7 percent in March from -3.7 percent in January, mainly due to a 4.0 percent drop in private road transport) and housing & utilities (-2.7 percent from -2.6 percent, mainly due to a  5.9 percent decline in fuel & utilities and a 2.2 percent fall in accommodation). Prices moderated for household durables & services (+1.6 percent from +1.9 percent), education (+3.5 percent from +3.6 percent) and miscellaneous goods & services (+0.2 percent from +1.4 percent).

While cost declined for clothing & footwear (-0.8 percent from 0.0 percent) and  healthcare (-0.2 percent from 0.2 percent increase), prices increased for communication (+2.5 percent from+3.6 percent) and recreation & culture (+0.5 percent from +0.3 percent, mainly due to a 2.0 percent increase in newspapers, books & stationery).

Food inflation was recorded at 2.1 percent in March, slowing from a 2.5 percent rise in the previous month. Food excluding food servicing services increased by 2.0 from 3.2 percent rise in February and  food servicing services rose 2.1 percent from 2.2 percent. Among food excluding food servicing services, prices increased the most for other food (4.0 percent), followed by fish & seafood (3.9 percent); milk, cheese & eggs (+2.7 percent); vegetables (+2.3 percent); oils & fats (+1.9 percent), fruits (+1.9 percent) and sugar, preserves & confectionery (+0.1 percent). Among food servicing services, prices rose for all components:  restaurant foods (+2.2 percent), fast food (+2.1 percent), hawker food including food courts (+2.1 percent) and catered food (+1.4 percent).

Core inflation, which excludes costs of accommodation and private road transport, recorded at 1.0 percent year-on-year, easing from a 1.3 percent in February.

On a month-on-month basis, consumer prices increased 0.2 percent in March, following a 0.1 percent rise in the previous month. Price increased the most for housing & utilities (+2.3 percent), transport (+1.7 percent, mainly due to a 3.1 percent increase in private road transport), communication (+1.0 percent), recreation & culture (+0.1 percent), health care (+0.1 percent, mainly due to a 0.3 percent increase in medical & dental treatment). In contrast, prices fell for clothing & footwear (-0.3 percent), household durables & services (-0.2 percent) and education (-0.1 percent). 

Statistics Singapore l Rida Husna l rida@tradingeconomics.com
4/23/2015 7:38:35 AM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-23 05:00 AM
Inflation Rate YoY  Jan
-0.4% -0.2% -0.3% -0.45%
2015-03-23 05:00 AM
Inflation Rate YoY  Feb
-0.3% -0.4% -0.2% -0.3%
2015-04-23 06:00 AM
Inflation Rate YoY  Mar
-0.3% -0.3% -0.5% -0.05%
2015-05-25 06:00 AM
Inflation Rate YoY  Apr
-0.3% 0.09%
2015-06-23 06:00 AM
Inflation Rate YoY  May
0.16%
2015-07-23 06:00 AM
Inflation Rate YoY  Jun
0.36%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -0.30 -0.30 34.00 -3.10 percent [+]
Inflation Rate Mom 0.20 0.10 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.94 99.71 100.25 24.17 Index Points [+]
Core Inflation Rate 1.00 1.30 3.50 -1.40 percent [+]
Core Consumer Prices 100.29 99.72 100.29 63.85 Index Points [+]
GDP Deflator 102.54 102.15 104.73 46.64 Index Points [+]
Producer Prices 81.90 77.70 114.45 65.46 Index Points [+]
Export Prices 89.80 87.40 196.09 87.40 Index Points [+]
Import Prices 84.40 80.80 121.21 72.14 Index Points [+]
Food Inflation 2.07 2.14 15.62 -7.71 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.13 Mar/15 7.70 6821.31 1.65 percent [+]
Canada 1.20 Mar/15 1.00 21.60 -17.80 percent [+]
China 1.40 Mar/15 1.40 28.40 -2.20 percent [+]
Euro Area -0.10 Mar/15 -0.30 5.00 -0.70 percent [+]
France -0.10 Mar/15 -0.30 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.17 Mar/15 5.37 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy -0.09 Mar/15 -0.09 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.14 Mar/15 3.00 179.73 2.91 percent [+]
Netherlands 0.38 Mar/15 0.20 11.19 -1.30 percent [+]
Russia 16.90 Mar/15 16.70 2333.30 3.60 percent [+]
South Korea 0.40 Mar/15 0.50 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.90 Mar/15 -0.80 11.92 -1.37 percent [+]
Turkey 7.61 Mar/15 7.55 138.71 -4.01 percent [+]
United Kingdom 0.00 Mar/15 0.00 8.50 0.00 percent [+]
United States -0.10 Mar/15 0.00 23.70 -15.80 percent [+]