Singapore Inflation Rate 1962-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Singapore was recorded at 0.60 percent in September 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.

   
 
 

Singapore Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.90 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. Content for - Singapore Inflation Rate - was last refreshed on Friday, October 31, 2014.


Singapore Inflation Slows Further in September


Singapore’s annual inflation rate eased to 0.6 percent in September of 2014, down further from 0.9 percent in August, due to a smaller increase in services cost and a decline in accommodation cost.

Year-on-year, services inflation in September of 2014 slowed to 1.7 percent from 2.1 percent in the preceding month. This was mainly resulting from the moderation in the increase in medical and dental treatment fees to 2.4 percent in the month from 4.6 percent in August, which reflect the impact of enhanced medical subsidies. However, the contribution of telecommunication services, tertiary education and air transport were higher compared to a month before. Accommodation cost fell by 0.6  percent, extending a 0.2 percent decline in the previous month, as a result of the soft housing rental market. Private toad transport cost was lower by 2.8 percent, following a 2.9 percent fall in August, reflecting the more moderate decline in COE premium relative to a year ago. Food inflation was higher at 3.0 percent compared to 2.9 percent increase in August, mainly due to a steeper increase in the prices of prepared meals.

MAS Core Inflation, which excludes the costs of accommodation and private road transport, edged down to 1.9 percent in September, from 2.1 percent a month ago, largely due to the enhanced medical subsidies which caused a one-off reduction in the level of healthcare services cost.

On a month-on-month basis, the consumer price index fell 0.1 percent in September, following a 0.5 percent increase in August, mostly due to lower prices of dental treatment (-4.5 percent), clothing & footwear (-2.2 percent), seafood (-1.8 percent), medical treatment (-1.7 percent) and personal care (-0.5 percent).

Ministry of Trade and Industry l Rida l rida@tradingeconomics.com
10/23/2014 11:47:04 AM


Recent Releases

Singapore Inflation Continues to Slow in August
Singapore’s annual inflation rate eased to 0.9 percent in August of 2014 from 1.2 percent in July, mainly reflecting a sharper decline in private road transport cost and a more moderate increase in services fees. Published on 2014-09-23

Singapore Inflation Rate Eases Further in July
Singapore’s annual inflation rate eased to 1.2 percent in July of 2014 from 1.8 percent in June, mainly due to lower private road transport costs, and below market forecasts. Published on 2014-08-25


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 1.2% 1.8% 2.1% 2%
2014-09-23 06:00 AM Singapore
Inflation Rate YoY
Aug 2014 0.9% 1.2% 1.2% 1.19%
2014-10-23 06:00 AM Singapore
Inflation Rate YoY
Sep 2014 0.6% 0.9% 1% 0.8%
2014-11-24 06:00 AM Singapore
Inflation Rate YoY
Oct 2014 0.6% 0.28%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.60 0.90 34.00 -3.10 Percent [+]
Inflation Rate Mom -0.10 0.50 4.74 -1.87 Percent [+]
Consumer Price Index CPI 117.02 117.12 117.71 28.30 Index Points [+]
Core Inflation Rate 1.90 2.10 3.50 -1.40 Percent [+]
Core Consumer Prices 114.84 114.61 115.75 79.21 Index Points [+]
GDP Deflator 100.26 104.16 115.53 51.84 Index Points [+]
Producer Prices 94.57 95.66 121.20 69.32 Index Points [+]
Export Prices 94.87 95.14 196.09 87.69 Index Points [+]
Import Prices 95.00 95.97 121.21 72.14 Index Points [+]
Food Inflation 2.90 2.90 15.62 -7.71 Percent [+]