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

The inflation rate in Singapore was recorded at -0.30 percent in June of 2015. Inflation Rate in Singapore averaged 2.75 percent from 1962 until 2015, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.40 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 Tuesday, July 28, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-25 06:00 AM Apr -0.5% -0.3% -0.1% -0.1%
2015-06-23 06:00 AM May -0.4% -0.5% -0.45% -0.5%
2015-07-23 06:00 AM Jun -0.3% -0.4% -0.3% -0.2%
2015-08-25 06:00 AM Jul -0.3% -0.15%
2015-09-23 06:00 AM Aug 0.04%
2015-10-23 06:00 AM Sep 0.12%


Singapore Deflation Slows in June


Singapore consumer prices dropped 0.3 percent year-on-year in June of 2015 from a 0.4 percent decline in the previous month and matching market consensus. It is the longest slide since 2009, mainly due to a decline in cost of housing & utilities and household durables & services while cost of food increased.

Year-on-year, downward prices pressures came from: housing & utilities (-3.9 percent in June from -3.8 percent in May, largely due to a 12.5 percent drop in fuel & utilities and a 2.6 percent fall in accommodation); household durables & services (-1.8 percent from -2.0 percent, mainly due to a  2.7 percent decline in household services & supplies and a 0.3 percent drop in household durables); health (-0.3 percent from -0.2 percent, mainly due to a 0.7 percent decline in medical & dental treatment) and miscellaneous goods & services (-0.1 percent from -0.3 percent, mainly due to a 0.5 percent decline in alcoholic drinks & tobacco, a 0.3 percent drop in personal effects and a 0.2 percent fall in personal care). In contrast, upward prices pressures came  from food (+2.0 percent from +1.8 percent), clothing & footwear (+0.2 percent from +0.0 percent, communication (+0.5 percent from +0.3 percent) and recreation & culture (+0.1 percent from -0.1 percent, mainly due to a 2.1 percent increase in newspaper, books & stationery and a 0.1 percent increase in recreation & entertainment).

Prices remained unchanged for: transport (+0.9 percent, as a 4.9 percent decline in other travel & transport offset a 2.2 percent increase in public road transport and a 1.2 percent rise in private road transport) and education (+3.1 percent), 

Among food, cost of food excluding food servicing services increased by 1.1 percent, the same as in the previous month while food servicing services rose 2.4 percent from 2.3 percent. Among food excluding food servicing services, prices increased  for bread & cereals (+1.7 percent); meat (+1.5 percent); fish & seafood (+0.9 percent); milk, cheese & eggs (+1.7 percent); oils & fats (+0.3 percent); vegetables (+1.6 percent), sugar, preserves & confectionery (+1.1 percent) and other food (+2.5 percent). In contrast, prices declined for fruits (-0.7 percent) and non-alcoholic beverages (-0.6 percent). Among food servicing services, while prices of catered food declined by 0.1 percent, prices increased for other components: restaurant foods (+3.5 percent), fast food (+1.6 percent) and hawker food including food courts (+1.9 percent).

Core inflation, which excludes costs of accommodation and private road transport, recorded at 0.2 percent year-on-year, accelerating from 0.1 percent in May.

On a month-on-month basis, consumer prices dropped 0.1 percent in June, following a 0.5 percent rise in the previous month. Price declined the most for clothing & footwear (-2.3 percent), miscelleaneous goods & services (-0.5 percent), housing & utilities (-0.3 percent), transport (-0.1 percent) and communication (-0.1 percent). In contrast, prices rose for: food (+0.2 percent), household durables & services (+0.1 percent); health (+0.3 percent) and recreation & culture (+0.2 percent).

During January to June 2015, consumer prices dropped 0.4 percent.

Statistics Singapore l Rida Husna l rida@tradingeconomics.com
7/23/2015 7:17:13 AM


Recent Releases

Singapore Deflation Eases in May
Singapore consumer prices dropped 0.4 percent year-on-year in May of 2015 from a 0.5 percent decline in the previous month and above market forecasts. It is the longest slide since 2009, mainly due to a decline in cost of housing & utilities and household durables & services.
Published on 2015-06-23

Singapore Deflation Worsens in April
Singapore consumer prices dropped 0.5 percent year-on-year in April of 2015 from a 0.3 percent decline in the previous month and missing market forecasts. It is the longest slide since 2009, mainly due to a decline in cost of housing & utilities and transport.
Published on 2015-05-25

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.
Published on 2015-04-23

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 Prices Last Previous Highest Lowest Unit
Inflation Rate -0.30 -0.40 34.00 -3.10 percent [+]
Inflation Rate Mom -0.10 0.50 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.67 99.77 100.25 24.17 Index Points [+]
Core Inflation Rate 0.20 0.10 3.50 -1.40 percent [+]
Core Consumer Prices 100.15 100.20 100.29 63.85 Index Points [+]
GDP Deflator 103.07 102.54 104.73 46.64 Index Points [+]
Producer Prices 83.80 82.40 114.45 65.46 Index Points [+]
Export Prices 89.70 88.80 196.09 87.40 Index Points [+]
Import Prices 85.70 84.30 121.21 72.14 Index Points [+]
Food Inflation 2.00 1.82 15.62 -7.71 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 8.89 Jun/15 8.47 6821.31 1.65 percent [+]
Canada 1.00 Jun/15 0.90 21.60 -17.80 percent [+]
China 1.40 Jun/15 1.20 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 Jun/15 0.30 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.40 Jun/15 5.01 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.20 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.87 Jun/15 2.88 179.73 2.87 percent [+]
Netherlands 1.00 Jun/15 1.10 11.19 -1.30 percent [+]
Russia 15.30 Jun/15 15.80 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.00 Jun/15 -1.20 11.92 -1.37 percent [+]
Turkey 7.20 Jun/15 8.09 138.71 -4.01 percent [+]
United Kingdom 0.00 Jun/15 0.10 8.50 -0.10 percent [+]
United States 0.10 Jun/15 0.00 23.70 -15.80 percent [+]