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

Singapore consumer prices declined by 0.3 percent year-on-year in August of 2016, compared to a 0.7 percent drop in July while market expected a 0.4 percent fall. It was the 22nd straight month of decrease as cost of housing & utilities and transport dropped further while prices of food rose at a slower pace. Core inflation, which excludes costs of accommodation and private road transport, rose 1.0 percent year-on-year, the same pace as in a month earlier and market consensus of a 1.1 percent increase. On a month-on-month basis, consumer prices rose 0.5 percent, following a 0.3 percent decrease. Inflation Rate in Singapore averaged 2.68 percent from 1962 until 2016, 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
-0.30 -0.70 34.00 -3.10 1962 - 2016 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-25 05:00 AM Jun -0.7% -1.6% -1.1% -1.7%
2016-08-23 05:00 AM Jul -0.7% -0.7% -0.5% -0.5%
2016-09-23 05:00 AM Aug -0.3% -0.7% -0.4% -0.5%
2016-10-23 05:00 AM Sep -0.3% -0.35%
2016-11-23 05:00 AM Oct -0.2%
2016-12-23 05:00 AM Nov -0.2%

Singapore Deflation Eases in August


Singapore consumer prices declined by 0.3 percent year-on-year in August of 2016, compared to a 0.7 percent drop in July while market expected a 0.4 percent fall. It was the 22nd straight month of decrease as cost of housing & utilities and transport dropped further while prices of food rose at a slower pace.

Year-on-year, downward prices pressure came from: clothing & footwear (-1.9 percent from-0.18 percent in July), housing & utilities (-4.3 percent from -4.3 percent, largely due to a 8.9 percent drop in fuel & utilities and a 3.6 percent fall in accommodation) and transport (-0.7 percent from -3.5 percent, mainly due to a 1.0 percent decline in private road transport and a 2.0 percent fall in other travel & transport). In contrast, upward prices pressure came from household durables & services (+3.2 percent from +3.2 percent, due to a 0.5 percent rise in household durables and a 4.8 percent increase in household services & supplies), health care (+0.8 percent from +0.4 percent,  due to a 0.8 percent rise in medical & dental treatment and a 0.6 percent gain in medical products, appliances & equipment), communication (+1.1 percent from +0.9 percent), recreation & culture (+1.0 percent from +1.2 percent, due to a 6.2 percent increase in newspapers, book & stationery, a 0.9 percent in holiday expenses and a 0.5 percent rise in recreation & entertainment), education (+3.4 percent from +3.6 percent, due to a 3.5 percent rise in tuition & other fees and a 0.3 percent increase in school textbooks & related study guides) and miscellaneous goods & services (+0.1 percent from +0.2 percent, due to a 1.1 percent rise in personal effects and a 0.3 percent rise in alcoholic drinks & tobacco).

Prices of food rose 2.0 percent in August, slowing from a 2.1 percent growth in a month earlier. Among food, cost of food excluding food servicing services increased by 2.3 percent, following a 2.8 percent rise in the preceding month while food servicing services rose 1.9 percent, up from 1.8 percent in July. Among food excluding food servicing services, cost increased for bread & cereals (+1.0 percent), meat (+2.7 percent); fish & seafood (+4.4 percent); fruits (+1.2 percent); milk, cheese & eggs (+1.9 percent), vegetables (+4.7 percent), non-alcoholic beverages (+0.3 percent) and other food (+2.5 percent). In contrast, prices declined by 1.7 percent for oils & fats (-2.9 percent). Among food servicing services, prices increased for all categories: restaurant foods (+2.0 percent), fast food (+3.1 percent), hawker food including food courts (+1.7 percent) and catered food (+0.8 percent).

Core inflation, which excludes costs of accommodation and private road transport, rose 1.0 percent year-on-year, the same pace as in a month earlier and market consensus of a 1.1 percent increase. 

On a month-on-month basis, consumer prices rose 0.5 percent, following a 0.3 percent decrease. Cost went up for: clothing & footwear (+0.7 percent), housing & utilities (-1.2 percent), health care (+0.4 percent), transport (+0.8 percent), communication (+0.2 percent), education (+0.5 percent) and miscellaneous goods & services (+0.2 percent). In contrast, prices fell for: household durables & services (-0.2 percent) and recreation & culture (-0.2 percent). Prices remained unchanged for food.

Statistics Singapore l Rida Husna | rida@tradingeconomics.com
9/23/2016 5:41:15 AM

Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate -0.30 -0.70 34.00 -3.10 percent [+]
Inflation Rate Mom 0.50 -0.30 4.74 -1.87 percent [+]
Consumer Price Index CPI 99.15 98.67 100.25 24.17 Index Points [+]
Core Consumer Prices 100.70 100.45 100.70 63.85 Index Points [+]
Core Inflation Rate 1.00 1.00 3.50 -1.40 percent [+]
GDP Deflator 99.99 101.70 104.73 46.64 Index Points [+]
Producer Prices 73.10 74.60 114.45 65.46 Index Points [+]
Export Prices 82.30 83.20 196.09 81.80 Index Points [+]
Import Prices 77.40 78.40 121.21 72.14 Index Points [+]
Food Inflation 2.00 2.10 15.62 -7.71 percent [+]
Cpi Transportation 96.99 96.20 107.06 20.22 Index Points [+]




Last
Afghanistan 7.32 Aug/16
Albania 2.00 Aug/16
Algeria 6.35 Aug/16
Angola 38.18 Aug/16
Argentina 40.50 Apr/16
Armenia -1.90 Aug/16
Aruba -1.10 Jul/16
Australia 1.00 Jun/16
Austria 0.60 Aug/16
Azerbaijan 10.80 Aug/16
Bahamas -0.33 Jun/16
Bahrain 2.60 Aug/16
Bangladesh 5.37 Aug/16
Barbados -1.20 Apr/16
Belarus 11.80 Aug/16
Belgium 1.87 Sep/16
Belize 1.00 Jul/16
Benin -1.20 Aug/16
Bhutan 3.31 Jun/16
Bolivia 3.49 Aug/16
Bosnia and Herzegovina -1.20 Aug/16
Botswana 2.60 Aug/16
Brazil 8.97 Aug/16
Brunei -0.70 Aug/16
Bulgaria -0.30 Aug/16
Burkina Faso -0.70 Jul/16
Burundi 6.60 Aug/16
Cambodia 3.25 Jun/16
Cameroon 0.64 Jun/16
Canada 1.10 Aug/16
Cape Verde -1.80 Aug/16
Cayman Islands -2.80 Mar/16
Central African Republic 38.04 Feb/16
Chad -1.10 Jul/16
Chile 3.40 Aug/16
China 1.30 Aug/16
Colombia 8.10 Aug/16
Comoros 1.40 Dec/14
Congo 5.52 Jul/16
Costa Rica 0.60 Aug/16
Croatia -1.50 Aug/16
Cuba 4.40 Dec/15
Cyprus -0.36 Aug/16
Czech Republic 0.60 Aug/16
Denmark 0.20 Aug/16
Djibouti 2.00 Jul/16
Dominican Republic 1.47 Aug/16
East Timor -1.60 Aug/16
Ecuador 1.42 Aug/16
Egypt 15.50 Aug/16
El Salvador 0.95 Aug/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 0.30 Aug/16
Ethiopia 5.90 Aug/16
Euro Area 0.20 Aug/16
European Union 0.30 Aug/16
Fiji 5.90 Aug/16
Finland 0.40 Aug/16
France 0.40 Sep/16
Gabon 2.09 Feb/16
Gambia 6.67 Dec/15
Georgia 0.90 Aug/16
Germany 0.70 Sep/16
Ghana 16.90 Aug/16
Greece -0.90 Aug/16
Guatemala 4.74 Aug/16
Guinea 8.20 May/16
Guinea Bissau 3.00 Jul/16
Guyana 0.62 Jul/16
Haiti 12.90 Jul/16
Honduras 2.51 Aug/16
Hong Kong 4.30 Aug/16
Hungary -0.10 Aug/16
Iceland 1.80 Sep/16
India 5.05 Aug/16
Indonesia 2.79 Aug/16
Iran 9.40 Aug/16
Iraq -0.40 Jul/16
Ireland -0.10 Aug/16
Israel -0.70 Aug/16
Italy -0.10 Aug/16
Ivory Coast -0.40 Aug/16
Jamaica 1.80 Aug/16
Japan -0.50 Aug/16
Jordan -0.60 Aug/16
Kazakhstan 17.60 Aug/16
Kenya 6.26 Aug/16
Kosovo 0.00 Aug/16
Kuwait 2.90 Aug/16
Kyrgyzstan 0.50 Aug/16
Laos 1.97 Jul/16
Latvia 0.00 Aug/16
Lebanon -0.79 Aug/16
Lesotho 7.50 Jun/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.10 Aug/16
Lithuania 0.80 Aug/16
Luxembourg 0.16 Aug/16
Macau 1.65 Aug/16
Macedonia -0.30 Aug/16
Madagascar 6.70 Jul/16
Malawi 22.80 Aug/16
Malaysia 1.50 Aug/16
Maldives 0.10 Jul/16
Mali -3.70 Jul/16
Malta 1.00 Aug/16
Mauritania 1.60 Aug/16
Mauritius 0.90 Aug/16
Mexico 2.73 Aug/16
Moldova 3.60 Aug/16
Mongolia -0.20 Aug/16
Montenegro -0.50 Aug/16
Morocco 1.60 Aug/16
Mozambique 21.96 Aug/16
Myanmar 11.41 Dec/15
Namibia 6.80 Aug/16
Nepal 8.60 Aug/16
Netherlands 0.20 Aug/16
New Caledonia 0.80 Aug/16
New Zealand 0.40 Jun/16
Nicaragua 3.80 Aug/16
Niger 0.80 Aug/16
Nigeria 17.60 Aug/16
North Korea 55.00 Jul/13
Norway 4.00 Aug/16
Oman 1.34 Aug/16
Pakistan 3.56 Aug/16
Palestine 0.45 Aug/16
Panama 0.50 Aug/16
Papua New Guinea 6.50 Mar/16
Paraguay 3.20 Aug/16
Peru 2.94 Aug/16
Philippines 1.80 Aug/16
Poland -0.80 Aug/16
Portugal 0.70 Aug/16
Puerto Rico -1.40 Jul/16
Qatar 2.90 Aug/16
Republic of the Congo 3.70 Apr/15
Romania -0.20 Aug/16
Russia 6.90 Aug/16
Rwanda 7.50 Aug/16
Sao Tome and Principe 5.50 Jul/16
Saudi Arabia 3.30 Aug/16
Senegal 1.30 Aug/16
Serbia 1.20 Aug/16
Seychelles -1.60 Aug/16
Sierra Leone 8.77 Mar/16
Singapore -0.30 Aug/16
Slovakia -0.80 Aug/16
Slovenia 0.00 Aug/16
Somalia -4.00 Dec/14
South Africa 5.90 Aug/16
South Korea 0.40 Aug/16
South Sudan 729.70 Aug/16
Spain 0.30 Sep/16
Sri Lanka 4.00 Aug/16
Sudan 18.15 Aug/16
Suriname 63.80 Jun/16
Swaziland 7.40 Jul/16
Sweden 1.10 Aug/16
Switzerland -0.10 Aug/16
Syria 48.09 Dec/15
Taiwan 0.57 Aug/16
Tajikistan 6.40 Aug/16
Tanzania 4.90 Aug/16
Thailand 0.29 Aug/16
Togo -1.40 Aug/16
Trinidad and Tobago 2.90 Jul/16
Tunisia 3.80 Aug/16
Turkey 8.05 Aug/16
Turkmenistan 7.00 Dec/15
Uganda 4.20 Sep/16
Ukraine 8.40 Aug/16
United Arab Emirates 1.76 Jul/16
United Kingdom 0.60 Aug/16
United States 1.10 Aug/16
Uruguay 9.37 Aug/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 3.34 Sep/16
Yemen 9.49 Nov/14
Zambia 18.90 Sep/16
Zimbabwe -1.43 Aug/16