Singapore Inflation Rate  1962-2017 | Data | Chart | Calendar | Forecast

Singapore consumer prices remained unchanged on the year in November of 2016, compared to a 0.1 percent drop in October and in line with market consensus. The figure came off a deflationary trend for the first time in two years, as a faster increase in prices of food and a slower drop in cost of housing & utilities offset a further fall in cost of transport. Core inflation, which excludes costs of accommodation and private road transport, rose 1.3 percent year-on-year, following a 1.1 percent gain in the prior month and matching expectations. It was the highest figure since February 2015. On a month-on-month basis, consumer prices went up 0.3 percent, compared to a 0.3 percent decline in October. It was the highest inflation level in three months. Inflation Rate in Singapore averaged 2.66 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.

Singapore Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 0.0% -0.1% 0.0% 0.0%
2017-01-23 05:00 AM Dec 0.0% 0.1%
2017-02-23 05:00 AM Jan 0.3%
2017-03-23 05:00 AM Feb 0.4%




Singapore Inflation Rate Flat in November


Singapore consumer prices remained unchanged on the year in November of 2016, following a 0.1 percent drop in October and in line with market consensus. The figure came off a deflationary trend for the first time in two years, as a faster increase in prices of food and a slower drop in cost of housing & utilities offset a further fall in cost of transport.

Year-on-year, downward prices pressure came from: clothing & footwear (-0.2 percent from-0.2 percent in October), housing & utilities (-3.7 percent from -3.8 percent, largely due to a 3.5 percent drop in fuel & utilities and a 3.8 percent fall in accommodation), transport (-0.3 percent from -0.2 percent, mainly due to a 3.0 percent fall in other travel & transport and a 0.7 percent drop in public road transport) and communication (-0.6 percent from -0.3 percent). In contrast, upward prices pressure came from household durables & services (+2.6 percent from +3.2 percent, due to a  4.4 percent increase in household services & supplies), health care (+2.4 percent from +0.9 percent,  mainly due to a 3.3 percent rise in medical & dental treatment), recreation & culture (+0.8 percent from +1.0 percent, largely due to a 6.3 percent increase in newspapers, book & stationery, a 1.5  percent in holiday expenses), education (+3.2 percent from +3.2 percent, due to a 3.2 percent rise in tuition & other fees and a 0.3 percent increase in school textbooks & related study guides) and miscellaneous goods & services (+0.8 percent from -0.4 percent, due to a 3.6 percent rise in personal effect, a 0.7 percent gain in alcoholic & tobacco and a 0.5 percent rise in personal care.

Prices of food rose 2.0 percent in November, compared to a 1.9 percent growth in a month earlier. Among food, cost of food excluding food servicing services increased by 2.4 percent, following a 2.1 percent rise in the preceding month while food servicing services rose 1.7 percent, the same as in a month earlier. Among food excluding food servicing services, cost increased for bread & cereals (+1.4 percent), meat (+1.7 percent); fish & seafood (+5.3 percent); milk, cheese & eggs (+1.2 percent), fruits (+2.3 percent), vegetables (+5.4 percent); sugar, preserve & confectionery (+0.6 percent) and other food (+2.2 percent). In contrast, prices declined  for oils & fats (-1.2 percent) and non-alcoholic beverages (-0.1 percent). Among food servicing services, prices increased for all categories: restaurant foods (+1.6 percent), fast food (+2.4 percent), hawker food including food courts (+1.8 percent) and catered food (+1.3 percent).

Core inflation, which excludes costs of accommodation and private road transport, rose 1.3 percent year-on-year, following a 1.1 percent gain in the prior month and matching expectations. It was the highest figure since February 2015.

On a month-on-month basis, consumer prices went up 0.3 percent, compared to a 0.3 percent decline in October. It was the highest inflation level in three months, as cost rose for: food (+0.1 percent), clothing & footwear (+0.5 percent), housing & utilities (+1.1 percent), health care (+0.3 percent) and miscellaneous (+0.8 percent). In contrast, cost fell for: household durables & services (-0.4 percent) and communication (-0.5 percent). Cost remained unchanged for: transport and education.

Statistics Singapore l Rida Husna | rida@tradingeconomics.com
12/23/2016 5:50:41 AM



Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.00 -0.10 34.00 -3.10 percent [+]
Inflation Rate Mom 0.30 -0.30 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.20 98.88 100.25 24.17 Index Points [+]
Core Consumer Prices 101.80 100.96 101.80 63.85 Index Points [+]
Core Inflation Rate 1.30 1.10 3.50 -1.40 percent [+]
GDP Deflator 100.12 99.99 104.73 46.64 Index Points [+]
Producer Prices 76.80 76.80 114.45 65.46 Index Points [+]
Export Prices 85.90 85.10 196.09 81.80 Index Points [+]
Import Prices 80.90 80.30 121.21 72.14 Index Points [+]
Food Inflation 2.00 1.90 15.62 -7.71 percent [+]
Producer Prices Change 0.26 -0.90 29.27 -22.20 percent [+]
Cpi Transportation 97.48 97.47 107.06 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.10 34.00 -3.10 1962 - 2016 percent Monthly
2014=100



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Australia 1.30 Sep/16
Austria 1.40 Dec/16
Azerbaijan 12.40 Dec/16
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Czech Republic 2.00 Dec/16
Denmark 0.50 Dec/16
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Dominican Republic 1.70 Dec/16
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India 3.41 Dec/16
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Iran 9.10 Nov/16
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Kuwait 3.40 Nov/16
Kyrgyzstan -0.50 Dec/16
Laos 2.09 Nov/16
Latvia 2.20 Dec/16
Lebanon 1.78 Nov/16
Lesotho 5.70 Nov/16
Liberia 8.50 Sep/16
Libya 27.40 Jun/16
Liechtenstein -0.30 Nov/16
Lithuania 1.70 Dec/16
Luxembourg 1.10 Dec/16
Macau 1.53 Nov/16
Macedonia -0.20 Dec/16
Madagascar 6.70 Sep/16
Malawi 19.90 Nov/16
Malaysia 1.80 Dec/16
Maldives 1.20 Oct/16
Mali -0.70 Nov/16
Malta 1.00 Dec/16
Mauritania 2.70 Nov/16
Mauritius 2.30 Dec/16
Mexico 3.36 Dec/16
Moldova 2.40 Dec/16
Mongolia 1.10 Dec/16
Montenegro 0.90 Dec/16
Morocco 1.90 Nov/16
Mozambique 25.27 Dec/16
Myanmar 10.89 Apr/16
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Netherlands 1.00 Dec/16
New Caledonia -0.10 Nov/16
New Zealand 0.40 Sep/16
Nicaragua 3.10 Dec/16
Niger -1.90 Nov/16
Nigeria 18.55 Dec/16
North Korea 55.00 Jul/13
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Oman 1.13 Dec/16
Pakistan 3.70 Dec/16
Palestine -1.05 Dec/16
Panama 1.50 Dec/16
Papua New Guinea 6.80 Jun/16
Paraguay 3.90 Dec/16
Peru 3.23 Dec/16
Philippines 2.60 Dec/16
Poland 0.80 Dec/16
Portugal 0.90 Dec/16
Puerto Rico 0.00 Nov/16
Qatar 1.80 Dec/16
Republic of the Congo 3.70 Apr/15
Romania -0.54 Dec/16
Russia 5.40 Dec/16
Rwanda 11.00 Dec/16
Sao Tome and Principe 6.20 Nov/16
Saudi Arabia 2.30 Nov/16
Senegal 2.10 Dec/16
Serbia 1.60 Dec/16
Seychelles -0.20 Dec/16
Sierra Leone 15.26 Nov/16
Singapore 0.00 Nov/16
Slovakia 0.20 Dec/16
Slovenia 0.50 Dec/16
Somalia -4.00 Dec/14
South Africa 6.80 Dec/16
South Korea 1.30 Dec/16
South Sudan 457.20 Nov/16
Spain 1.60 Dec/16
Sri Lanka 4.10 Dec/16
Sudan 30.47 Dec/16
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Sweden 1.70 Dec/16
Switzerland 0.00 Dec/16
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Taiwan 1.70 Dec/16
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Tanzania 5.00 Dec/16
Thailand 1.13 Dec/16
Togo -0.09 Nov/16
Trinidad and Tobago 2.60 Oct/16
Tunisia 4.20 Dec/16
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Uganda 5.70 Dec/16
Ukraine 12.40 Dec/16
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