Singapore Inflation Rate  1962-2016 | Data | Chart | Calendar | Forecast

Singapore consumer prices fell by 0.6 percent year-on-year in December of 2015, following a 0.8 percent decline in the preceding month. It is the 14th straight month of fall and slightly above market consensus, mainly due to a decline in cost of housing & utilities and transport while prices of food rose less than a month earlier. Inflation Rate in Singapore averaged 2.72 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.

Singapore Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -0.80 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. Singapore Inflation Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-23 05:00 AM Oct -0.8% -0.6% -0.5% -0.35%
2015-12-23 05:00 AM Nov -0.8% -0.8% -0.7% -0.6%
2016-01-25 05:00 AM Dec -0.6% -0.8% -0.7% -0.8%
2016-02-23 05:00 AM Jan -0.6% -0.61%
2016-03-23 05:00 AM Feb -0.60%
2016-04-25 05:00 AM Mar -0.57%

Singapore Consumer Prices Drop for 14th Month


Singapore consumer prices fell by 0.6 percent year-on-year in December of 2015, following a 0.8 percent decline in the preceding month. It is the 14th straight month of fall but slightly above market consensus, mainly due to a decline in cost of housing & utilities and transport while prices of food rose less than a month earlier.

Year-on-year, downward prices pressure came from: housing & utilities (-4.2 percent in December from -4.2 percent in November, largely due to a 12.6 percent drop in fuel & utilities and a 3.0 percent fall in accommodation) and household durables & services (-1.3 percent from -1.3 percent, mainly due to a  2.0 percent decline in household services & supplies). Cost also dropped for transport (-0.9 percent from -1.1 percent, due to a 1.1 percent decline in private road transport and a 5.4 percent fall in other travel & transport), health care (-0.7 percent from -0.5 percent, mainly due to a 0.9 percent drop in medical & dental treatment) and communication (-0.1 percent from -0.9 percent). In contrast, upward prices pressures came from: clothing & footwear (+1.2 percent from +1.4 percent), recreation & culture (+1.4 percent from +0.8 percent, mainly due to a 1.0 percent increase in recreation & entertainment; a 0.2 percent rise in newspapers, book & stationery and a 0.8 percent increase in holiday expenses). While prices remained steady for education (+3.7 percent), cost was unchanged for miscellaneous goods & services.
 
Prices of food rose 1.5 percent in December, slowing from a 1.6 percent rise in a month earlier. Among food, cost of food excluding food servicing services increased by 0.5 percent, following a 0.4 percent rise in the preceding month while food servicing services rose 2.1 percent, after a 2.3 percent rise in October. Among food excluding food servicing services, prices increased  for bread & cereals (+1.1 percent); meat (+0.4 percent); fish & seafood (+0.6 percent); fruits (+1.0 percent); sugar, preserves & confectionery (+1.9 percent); non-alcoholic beverages (+1.0 percent) and other food (+1.0 percent). In contrast, prices declined for oils & fats (-4.9 percent) and vegetables (-0.7 percent). Prices remained unchanged for milk, cheese & eggs. Among food servicing services, while prices of catered food declined by 0.2 percent, prices increased for other components: restaurant foods (+3.3 percent), fast food (+1.0 percent) and hawker food including food courts (+1.6 percent).
 
Core inflation, which excludes costs of accommodation and private road transport, rose 0.3 percent year-on-year, accelerating from a 0.2 percent rise in November.
 
On a month-on-month basis, consumer prices remained unchanged, following a 0.2 percent rise in November. Prices increased for food (+0.1 percent), household durables & services (+0.2 percent), recreation & culture (+0.9 percent), communication (+0.6 percent) an miscellaneous goods & services (+0.2 percent). In contrast, cost fell for clothing & footwear (-1.0 percent), housing & utilities (-0.3 percent) and transport (-0.2 percent). Prices remained unchanged for health and education.

For full year of 2015, consumer prices fell by 0.5 percent, as compared to a 1.0 percent rise in the preceding year. For 2016, inflation forecast at this stage remained the same as in the prior year, between -0.5 percent to 0.5 percent.





Statistics Singapore l Rida Husna | rida@tradingeconomics.com
1/25/2016 7:38:26 AM

Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -0.60 -0.80 34.00 -3.10 percent [+]
Inflation Rate Mom 0.00 0.20 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.19 99.18 100.25 24.17 Index Points [+]
Core Consumer Prices 100.03 99.93 100.30 63.85 Index Points [+]
Core Inflation Rate 0.30 0.20 3.50 -1.40 percent [+]
GDP Deflator 101.85 102.12 104.73 46.64 Index Points [+]
Producer Prices 73.70 76.60 114.45 65.46 Index Points [+]
Export Prices 85.10 87.00 196.09 85.10 Index Points [+]
Import Prices 77.60 80.20 121.21 72.14 Index Points [+]
Food Inflation 1.50 1.80 15.62 -7.71 percent [+]




Last
Afghanistan 0.08 Dec/15
Albania 1.50 Jan/16
Algeria 3.84 Dec/15
Angola 14.27 Dec/15
Argentina 26.90 Dec/15
Armenia -0.40 Jan/16
Aruba -0.93 Dec/15
Australia 1.70 Dec/15
Austria 1.00 Dec/15
Azerbaijan 4.00 Dec/15
Bahamas 1.41 Jun/15
Bahrain 0.70 Dec/15
Bangladesh 6.07 Jan/16
Barbados -0.25 Oct/15
Belarus 12.00 Dec/15
Belgium 1.74 Jan/16
Belize -0.70 Dec/15
Benin 2.30 Dec/15
Bhutan 3.53 Dec/15
Bolivia 2.39 Jan/16
Bosnia and Herzegovina -1.00 Dec/15
Botswana 3.10 Dec/15
Brazil 10.71 Jan/16
Brunei -1.00 Dec/15
Bulgaria -0.40 Dec/15
Burkina Faso 2.10 Dec/15
Burundi 7.10 Dec/15
Cambodia 1.90 Nov/15
Cameroon 4.29 Jun/15
Canada 1.60 Dec/15
Cape Verde -0.50 Dec/15
Cayman Islands -2.90 Sep/15
Central African Republic 25.58 Jun/14
Chad -0.40 Nov/15
Chile 4.80 Jan/16
China 1.60 Dec/15
Colombia 7.45 Jan/16
Comoros 1.40 Dec/14
Congo 2.08 Dec/15
Costa Rica -0.17 Jan/16
Croatia -0.60 Jan/16
Cuba 5.30 Dec/14
Cyprus -1.30 Jan/16
Czech Republic 0.10 Dec/15
Denmark 0.60 Jan/16
Djibouti 2.60 Mar/15
Dominican Republic 2.34 Dec/15
East Timor -0.60 Dec/15
Ecuador 3.09 Jan/16
Egypt 10.10 Jan/16
El Salvador 1.80 Jan/16
Equatorial Guinea 3.60 Dec/14
Eritrea 11.60 Dec/14
Estonia -0.60 Jan/16
Ethiopia 10.20 Jan/16
Euro Area 0.40 Jan/16
European Union 0.20 Dec/15
Fiji 1.60 Dec/15
Finland -0.20 Dec/15
France 0.20 Jan/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 5.60 Jan/16
Germany 0.50 Jan/16
Ghana 19.00 Jan/16
Greece -0.20 Dec/15
Guatemala 3.07 Dec/15
Guinea 7.30 Dec/15
Guinea Bissau 2.40 Dec/15
Guyana 0.18 May/15
Haiti 12.00 Dec/15
Honduras 3.08 Jan/16
Hong Kong 2.50 Dec/15
Hungary 0.90 Dec/15
Iceland 2.10 Jan/16
India 5.61 Dec/15
Indonesia 4.14 Jan/16
Iran 9.40 Dec/15
Iraq 2.30 Dec/15
Ireland 0.10 Dec/15
Israel -1.00 Dec/15
Italy 0.30 Jan/16
Ivory Coast 1.30 Dec/15
Jamaica 3.66 Dec/15
Japan 0.20 Dec/15
Jordan -1.60 Dec/15
Kazakhstan 14.40 Jan/16
Kenya 7.78 Jan/16
Kosovo -0.10 Dec/15
Kuwait 3.00 Dec/15
Kyrgyzstan 3.40 Dec/15
Laos 0.90 Dec/15
Latvia -0.30 Jan/16
Lebanon -3.40 Dec/15
Lesotho 5.10 Dec/15
Liberia 6.50 Sep/15
Libya 11.40 Sep/15
Liechtenstein -1.30 Dec/15
Lithuania -0.10 Dec/15
Luxembourg 1.10 Dec/15
Macau 3.73 Dec/15
Macedonia -0.30 Dec/15
Madagascar 7.60 Dec/15
Malawi 24.90 Dec/15
Malaysia 2.70 Dec/15
Maldives 2.00 Nov/15
Mali 1.00 Dec/15
Malta 1.20 Dec/15
Mauritania 0.50 Dec/15
Mauritius 0.40 Jan/16
Mexico 2.61 Jan/16
Moldova 13.60 Dec/15
Mongolia 1.90 Dec/15
Montenegro 1.40 Nov/15
Morocco 0.60 Dec/15
Mozambique 11.25 Jan/16
Myanmar 10.19 Jul/15
Namibia 3.70 Dec/15
Nepal 11.60 Dec/15
Netherlands 0.70 Dec/15
New Caledonia 0.70 Dec/15
New Zealand 0.10 Dec/15
Nicaragua 3.19 Jan/16
Niger 2.20 Dec/15
Nigeria 9.60 Dec/15
North Korea 55.00 Jul/13
Norway 3.00 Jan/16
Oman -0.10 Dec/15
Pakistan 3.32 Jan/16
Palestine 0.97 Dec/15
Panama 0.20 Dec/15
Papua New Guinea 5.80 Sep/15
Paraguay 5.20 Jan/16
Peru 4.61 Jan/16
Philippines 1.30 Jan/16
Poland -0.50 Dec/15
Portugal 0.80 Jan/16
Puerto Rico -0.20 Dec/15
Qatar 2.70 Dec/15
Republic of the Congo 3.70 Apr/15
Romania -0.90 Dec/15
Russia 9.80 Jan/16
Rwanda 6.60 Jan/16
Sao Tome and Principe 4.00 Dec/15
Saudi Arabia 2.30 Dec/15
Senegal 0.40 Dec/15
Serbia 1.50 Dec/15
Seychelles -0.10 Jan/16
Sierra Leone 8.85 Dec/15
Singapore -0.60 Dec/15
Slovakia -0.50 Dec/15
Slovenia -0.50 Jan/16
Somalia -4.00 Dec/14
South Africa 5.20 Dec/15
South Korea 0.80 Jan/16
South Sudan 109.90 Dec/15
Spain -0.30 Jan/16
Sri Lanka 0.90 Jan/16
Sudan 12.58 Dec/15
Suriname 25.00 Dec/15
Swaziland 4.50 Nov/15
Sweden 0.10 Dec/15
Switzerland -1.30 Dec/15
Syria 38.80 Jul/15
Taiwan 0.81 Jan/16
Tajikistan 5.20 Nov/15
Tanzania 6.50 Jan/16
Thailand -0.53 Jan/16
Togo 1.60 Dec/15
Trinidad and Tobago 1.50 Dec/15
Tunisia 3.60 Jan/16
Turkey 9.58 Jan/16
Turkmenistan 4.42 Dec/14
Uganda 7.60 Jan/16
Ukraine 40.30 Jan/16
United Arab Emirates 3.60 Dec/15
United Kingdom 0.20 Dec/15
United States 0.70 Dec/15
Uruguay 9.68 Jan/16
Uzbekistan 2.60 Mar/14
Venezuela 108.70 Sep/15
Vietnam 0.80 Jan/16
Yemen 9.49 Nov/14
Zambia 21.80 Jan/16
Zimbabwe -2.47 Dec/15