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

The inflation rate in Singapore was recorded at -0.40 percent in January of 2015. 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.

      Forecast    
Singapore Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.20 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 Friday, March 6, 2015.


Singapore Deflation Above Forecasts in January


Singapore consumer prices dropped 0.4 percent year-on-year in January of 2015, following a 0.2 percent decline in the previous month. It is the third consecutive fall since 2009, mainly due to a drop in cost of transport, housing and clothing and footwear.

Year-on-year, prices fell for: transport (-3.1 percent in January from -4.1 percent in December, as cost of private road transport decreased by 5.0 percent) and housing (-2.4 percent from -1.4 percent, as cost of fuel & utilities fell by 5.6 percent and cost of  accommodation declined by 1.9 percent). Cost also decreased for clothing & footwear (-2.3 percent in January from -2.4 percent in December) and recreation and culture (-0.5 percent from +0.6 percent). Prices moderated for: food (+2.2 percent from +2.9 percent), healthcare (0.6 percent from 1.6 percent and communication (+1.1 percent from +1.2 percent). Prices increased for education (+3.0 percent from +2.8 percent) and other miscellaneous expenditure (+0.6 percent from -1.0 percent).

Food inflation was recorded at 2.2 percent in January, slowing from a 2.7 percent rise in the previous month, as cost moderated for food excluding food servicing services (+1.6 percent from +2.7 percent in December) and food servicing services (+2.5 percent from +2.7 percent). Among food excluding food servicing services, prices declined the most for fish & seafood (-3.0 percent) and sugar & confectionery (-0.5 percent). Among food servicing services, prices slowed for hawker food (+2.6 percent in January from +3.6 percent in December).

Core inflation, which excludes costs of accommodation and private road transport, recorded at 1.0 percent in January, easing from a 1.5 percent increase in December.

On a month-on-month basis, consumer prices decreased 0.2 percent in January, following a 0.2 percent drop in the previous month. Price declined the most for transport (-1.1 percent), mainly due to a 7.8 percent decline of other travel & transport, followed by healthcare (-1.0 percent), mainly due to a 1.5 percent fall in medical & dental treatment, housing & utilities (-0.7 percent), due to a 4.3 percent decline in fuel & utilities and clothing & footwear (-0.2 percent).  For food, prices fell the most for oils & fats (-2.8 percent),  followed by fruits (-0.9 percent), milk, cheese & eggs (-0.8 percent) and other food (-0.5 percent). Cost of education moderated to 1.8 percent in January from 3.0 percent increase in the preceding month, mainly due to a slowdown in tuition and other fees.

Statistics Singapore l Rida Husna l rida@tradingeconomics.com
2/23/2015 10:07:59 AM


Recent Releases

Singapore Reports Deflation For the Second Consecutive Month
Singapore annual consumer prices decreased by 0.2 percent in December of 2014, following a 0.3 percent drop in the previous month. It is the second consecutive decline since November 2009, as cost of transport, housing and clothing and footwear declined. Published on 2015-01-23

Singapore Reports Deflation For The First Time in 5-Years
Singapore consumer prices decreased 0.3 percent in November of 2014, following a 0.1 percent increase in the previous month. It is the first drop since December of 2009 as transport and accommodation cost declined. Published on 2014-12-23


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-23 05:00 AM
Inflation Rate YoY  Nov
-0.3% 0.1% -0.3% -0.46%
2015-01-23 05:00 AM
Inflation Rate YoY  Dec
-0.2% -0.3% -0.1% -0.22%
2015-02-23 05:00 AM
Inflation Rate YoY  Jan
-0.4% -0.2% -0.3% -0.45%
2015-03-23 05:00 AM
Inflation Rate YoY  Feb
-0.4% -0.13%
2015-04-23 06:00 AM
Inflation Rate YoY  Mar
-0.05%
2015-05-25 06:00 AM
Inflation Rate YoY  Apr
0.09%


Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -0.40 -0.20 34.00 -3.10 percent [+]
Inflation Rate Mom -0.20 -0.20 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.61 99.82 117.71 28.30 Index Points [+]
Core Inflation Rate 1.00 1.50 3.50 -1.40 percent [+]
Core Consumer Prices 99.93 99.97 115.75 79.21 Index Points [+]
GDP Deflator 102.54 102.15 104.73 46.64 Index Points [+]
Producer Prices 77.85 82.92 114.45 65.46 Index Points [+]
Export Prices 87.48 89.99 196.09 87.48 Index Points [+]
Import Prices 80.84 84.95 121.21 72.14 Index Points [+]
Food Inflation 2.20 2.70 15.62 -7.71 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.30 Feb/15 -0.60 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany 0.10 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.29 Feb/15 6.96 82.40 -1.17 percent [+]
Italy -0.19 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.10 Feb/15 0.00 11.19 -1.30 percent [+]
Russia 16.70 Feb/15 15.00 2333.30 3.60 percent [+]
South Korea 0.50 Feb/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.55 Feb/15 7.24 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]