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

Consumer prices in Singapore rose 0.7 percent year-on-year in February of 2017, compared to a 0.6 percent increase in January and in line with markets expectations. It was the highest inflation rate since August 2014, driven by a faster increase in cost of transport while prices of food rose further and cost of housing & utilities fell slightly less than in the prior month. Core inflation, which excludes costs of accommodation and private road transport, went up 1.2 percent year-on-year, following a 1.5 percent gain in the prior month. On a month-on-month basis, consumer prices remained unchanged, after gaining 0.2 percent in a month earlier. Inflation Rate in Singapore averaged 2.65 percent from 1962 until 2017, 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)
2017-01-23 05:00 AM Dec 0.2% 0.0% 0.1% 0.1%
2017-02-23 05:00 AM Jan 0.6% 0.2% 0.6% 0.5%
2017-03-23 05:00 AM Feb 0.7% 0.6% 0.7% 1%
2017-04-24 05:00 AM Mar 0.7% 0.8%
2017-05-23 05:00 AM Apr 0.9%
2017-06-23 05:00 AM May 1.3%




Singapore Inflation Rate at 30-Month High of 0.7%


Consumer prices in Singapore rose 0.7 percent year-on-year in February of 2017, compared to a 0.6 percent increase in January and in line with markets expectations. It was the highest inflation rate since August 2014, driven by a faster increase in cost of transport while prices of food rose further and cost of housing & utilities fell slightly less than in the prior month.

Year-on-year, upward prices pressure came from: household durables & services (1.5 percent from 2.1 percent in the prior month, largely due to a  2.9 percent increase in household services & supplies), health care (2.6 percent from 2.5 percent, mainly driven by a 3.5 percent rise in medical & dental treatment), transport (4.2 percent from 2.8 percent, mainly due to a 7.1 percent rise in private road transport), communication (0.7 percent from 0.4 percent) and recreation & culture (0.5 percent from 0.5 percent, largely due to a 6.1 percent increase in newspapers, book & stationery and a 0.3 percent growth in holiday expenses) and education (3.6 percent from 3.5 percent, due to a 3.7 percent rise in tuition & other fees and a 0.1 percent increase in school textbooks & related study guides). In contrast, cost declined for: clothing & footwear (-0.2 percent from-1.5 percent), housing & utilities (-3.1 percent from -3.2 percent, largely due to a 4.0 percent drop in accommodation) and miscellaneous goods & services (compared to a flat reading in a month earlier, due to a 2.0 percent drop in personal care).

Prices of food rose 1.3 percent in February, following a 1.9 percent gain in January. Among food, cost of food excluding food servicing services increased by 1.0 percent, compared to a 2.0 percent rise in a month earlier while food servicing services rose 1.5 percent, following a 1.8 percent gain in a month earlier. Among food excluding food servicing services, cost increased for bread & cereals (1.2 percent), meat (0.2 percent); fish & seafood (0.4 percent); milk, cheese & eggs (0.9 percent), fruits (2.6 percent), vegetables (2.7 percent); sugar, preserves & confectionery (1.7 percent) and other food (0.2 percent). In contrast, prices fell for oils & fats (-2.8 percent) and non-alcoholic beverages (-0.4 percent). Among food servicing services, prices increased for all categories: restaurant foods (0.9 percent), fast food (2.1 percent), hawker food including food courts (1.8 percent) and catered food (2.5 percent).

Core inflation, which excludes costs of accommodation and private road transport, went up 1.2 percent year-on-year, following a 1.5 percent gain in the prior month.

On a month-on-month basis, consumer prices remained unchanged, after gaining 0.2 percent in a month earlier.

Statistics Singapore l Rida Husna | rida@tradingeconomics.com
3/23/2017 5:32:40 AM



Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.60 34.00 -3.10 percent [+]
Inflation Rate Mom 0.00 0.20 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.52 99.52 100.25 24.17 Index Points [+]
Core Consumer Prices 102.30 102.30 102.30 63.85 Index Points [+]
Core Inflation Rate 1.20 1.50 3.50 -1.40 percent [+]
GDP Deflator 103.49 101.24 104.73 46.64 Index Points [+]
Producer Prices 81.70 80.40 114.45 65.46 Index Points [+]
Export Prices 89.00 88.70 196.09 81.70 Index Points [+]
Import Prices 84.70 84.40 121.21 72.14 Index Points [+]
Food Inflation 1.30 1.90 15.62 -7.71 percent [+]
Producer Prices Change 14.50 9.10 29.27 -22.20 percent [+]
Cpi Transportation 98.30 98.50 107.06 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 34.00 -3.10 1962 - 2017 percent Monthly
2014=100



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Afghanistan 4.10 Feb/17
Albania 2.20 Feb/17
Algeria 8.21 Jan/17
Angola 39.45 Feb/17
Argentina 40.50 Apr/16
Armenia -0.20 Feb/17
Aruba -0.40 Jan/17
Australia 1.50 Dec/16
Austria 2.20 Feb/17
Azerbaijan 12.50 Feb/17
Bahamas 0.80 Dec/16
Bahrain 0.40 Feb/17
Bangladesh 5.30 Feb/17
Barbados 0.00 Sep/16
Belarus 7.00 Feb/17
Belgium 2.97 Feb/17
Belize 0.90 Jan/17
Benin -0.90 Jan/17
Bhutan 3.71 Dec/16
Bolivia 3.46 Feb/17
Bosnia and Herzegovina 0.70 Jan/17
Botswana 3.40 Feb/17
Brazil 4.76 Feb/17
Brunei -0.20 Feb/17
Bulgaria 1.70 Feb/17
Burkina Faso -1.70 Dec/16
Burundi 12.90 Jan/17
Cambodia 3.87 Dec/16
Cameroon 0.55 Sep/17
Canada 2.00 Feb/17
Cape Verde -1.30 Jan/17
Cayman Islands 0.60 Dec/16
Central African Republic 38.04 Feb/16
Chad -4.40 Oct/16
Chile 2.70 Feb/17
China 0.80 Feb/17
Colombia 5.18 Feb/17
Comoros 1.40 Dec/14
Congo 33.89 Jan/17
Costa Rica 1.09 Feb/17
Croatia 1.40 Feb/17
Cuba 4.50 Dec/16
Cyprus 1.70 Feb/17
Czech Republic 2.50 Feb/17
Denmark 1.00 Feb/17
Djibouti 2.40 Dec/16
Dominican Republic 3.34 Feb/17
East Timor 0.20 Feb/17
Ecuador 0.96 Feb/17
Egypt 30.20 Feb/17
El Salvador 0.29 Feb/17
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 3.40 Feb/17
Ethiopia 7.00 Feb/17
Euro Area 2.00 Feb/17
European Union 1.90 Feb/17
Fiji 5.50 Feb/17
Finland 1.20 Feb/17
France 1.20 Feb/17
Gabon 2.09 Feb/16
Gambia 7.43 Sep/16
Georgia 5.50 Feb/17
Germany 2.20 Feb/17
Ghana 13.20 Feb/17
Greece 1.30 Feb/17
Guatemala 3.96 Feb/17
Guinea 8.70 Dec/16
Guinea Bissau 1.60 Dec/16
Guyana 1.40 Dec/16
Haiti 14.10 Jan/17
Honduras 3.84 Feb/17
Hong Kong -0.10 Feb/17
Hungary 2.90 Feb/17
Iceland 1.90 Feb/17
India 3.65 Feb/17
Indonesia 3.83 Feb/17
Iran 9.60 Jan/17
Iraq -0.80 Feb/17
Ireland 0.50 Feb/17
Israel 0.40 Feb/17
Italy 1.60 Feb/17
Ivory Coast 1.50 Feb/17
Jamaica 3.60 Feb/17
Japan 0.40 Jan/17
Jordan 4.60 Feb/17
Kazakhstan 7.80 Feb/17
Kenya 9.04 Feb/17
Kosovo 1.70 Feb/17
Kuwait 3.29 Jan/17
Kyrgyzstan 1.30 Feb/17
Laos 2.27 Jan/17
Latvia 3.30 Feb/17
Lebanon 4.93 Feb/17
Lesotho 5.30 Dec/16
Liberia 8.50 Sep/16
Libya 29.40 Sep/16
Liechtenstein 0.60 Feb/17
Lithuania 3.00 Feb/17
Luxembourg 1.80 Feb/17
Macau 0.37 Feb/17
Macedonia 0.20 Feb/17
Madagascar 7.00 Dec/16
Malawi 16.10 Feb/17
Malaysia 4.50 Feb/17
Maldives 2.00 Jan/17
Mali -0.80 Dec/16
Malta 1.20 Feb/17
Mauritania 2.80 Dec/16
Mauritius 1.30 Feb/17
Mexico 4.86 Feb/17
Moldova 4.70 Feb/17
Mongolia 2.10 Feb/17
Montenegro 2.50 Feb/17
Morocco 1.60 Feb/17
Mozambique 20.88 Feb/17
Myanmar 11.19 Jun/16
Namibia 7.80 Feb/17
Nepal 3.20 Jan/17
Netherlands 1.80 Feb/17
New Caledonia 0.90 Jan/17
New Zealand 1.30 Dec/16
Nicaragua 3.69 Feb/17
Niger -2.20 Dec/16
Nigeria 17.78 Feb/17
North Korea 55.00 Jul/13
Norway 2.50 Feb/17
Oman 2.38 Feb/17
Pakistan 4.22 Feb/17
Palestine 0.62 Feb/17
Panama 1.90 Feb/17
Papua New Guinea 6.80 Sep/16
Paraguay 2.30 Feb/17
Peru 3.25 Feb/17
Philippines 3.30 Feb/17
Poland 2.20 Feb/17
Portugal 1.60 Feb/17
Puerto Rico 0.70 Jan/17
Qatar 0.70 Feb/17
Republic of the Congo 3.70 Apr/15
Romania 0.20 Feb/17
Russia 4.60 Feb/17
Rwanda 13.40 Feb/17
Sao Tome and Principe 4.90 Feb/17
Saudi Arabia -0.10 Feb/17
Senegal 2.00 Feb/17
Serbia 3.20 Feb/17
Seychelles -0.60 Feb/17
Sierra Leone 15.26 Nov/16
Singapore 0.70 Feb/17
Slovakia 1.20 Feb/17
Slovenia 2.20 Feb/17
Somalia -4.00 Dec/14
South Africa 6.30 Feb/17
South Korea 1.90 Feb/17
South Sudan 479.70 Dec/16
Spain 3.00 Feb/17
Sri Lanka 6.80 Feb/17
Sudan 32.86 Jan/17
Suriname 52.40 Dec/16
Swaziland 8.70 Dec/16
Sweden 1.80 Feb/17
Switzerland 0.60 Feb/17
Syria 51.10 Aug/16
Taiwan -0.04 Feb/17
Tajikistan 5.30 Jan/17
Tanzania 5.50 Feb/17
Thailand 1.44 Feb/17
Togo -1.40 Jan/17
Trinidad and Tobago 2.90 Nov/16
Tunisia 4.60 Feb/17
Turkey 10.13 Feb/17
Turkmenistan 6.17 Dec/16
Uganda 6.70 Feb/17
Ukraine 14.20 Feb/17
United Arab Emirates 2.30 Jan/17
United Kingdom 2.30 Feb/17
United States 2.70 Feb/17
Uruguay 7.10 Feb/17
Uzbekistan 5.70 Dec/16
Venezuela 800.00 Dec/16
Vietnam 5.02 Feb/17
Yemen 9.49 Nov/14
Zambia 6.80 Feb/17
Zimbabwe 0.06 Feb/17