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Singapore Consumer Prices Drop Less than Expected
Consumer prices in Singapore edged down 0.1 percent year-on-year in November 2020, after declining by 0.2 percent in the previous month, and compared with forecasts of a 0.2% fall. Prices fell for: housing & utilities (-0.3%, the same pace as in October), transport (-0.4% vs -0.6%), clothing & footwear (-5.8% vs -4.3%), health (-0.5% vs -2.0%), recreation & culture (-1.9% vs -1.7%), and miscellaneous goods & services (-1.7% vs -1.3%). There were rises in prices of food (1.8% vs 1.7% in October). Core consumer prices, which excludes accommodation and private road transport costs, dropped by 0.1% from a year earlier, after a 0.2% decrease in October and in line with forecasts. On a monthly basis, consumer prices went up by 0.4%, after declining 0.4% in October.
Published on 2020-12-23

Singapore Consumer Prices Unexpectedly Fall in October
Consumer prices in Singapore unexpectedly declined by 0.2 percent year-on-year in October 2020, compared to market consensus of a flat reading and after being flat a month earlier. There were rises in prices of food (1.7% vs 1.8% in September). Meantime, cost fell for: housing & utilities (-0.3% vs -0.7%), transport (-0.6% vs 0.5%), clothing & footwear (-4.3% vs -4.6%), health (-2.0% vs -2.0%), recreation & culture (-1.7% vs -1.2%), and miscellaneous goods & services (-1.3% vs -1.4%). Core consumer prices, which excludes accommodation and private road transport costs, dropped by 0.2% from a year earlier, after a 0.1% fall in September and compared with forecasts of a 0.1% decline. On a monthly basis, consumer prices went down by 0.4%, reversing from a 0.3% rise in September.
Published on 2020-11-23

Singapore Consumer Prices Unexpectedly Flat
Consumer prices in Singapore unexpectedly was flat on the year in September 2020, compared to market consensus of a 0.25% fall and after a 0.4 percent drop a month earlier. There were rises in prices of both food (1.8% vs 1.8% in August) and transport (0.5% vs -1.5%). Meantime, cost fell further for: housing & utilities (-0.7%vs -0.7%), clothing & footwear (-4.6% vs -3.3%), health (-2.0% vs -1.9%), recreation & culture (-1.2% vs -1.3%), and miscellaneous goods & services (-1.4% vs -1.9%). Core consumer prices, which excludes accommodation and private road transport costs, fell by 0.1% from a year earlier, after a 0.3% drop in August and compared with forecasts of a 0.s% drop. On a monthly basis, consumer prices rose by 0.3%, slowing from a 0.6% gain in August.
Published on 2020-10-23

Singapore Consumer Prices Drop Less than Estimated
Consumer prices in Singapore fell by 0.4% year-on-year in August 2020, the fifth straight month of drop, after a 0.4% decline in July and compared with market consensus of a 0.5% decline. It remained the softest figure in the current sequence of deflation, as cost continued to fall for most categories: housing & utilities (-0.7%vs -0.8% in July), clothing & footwear (-3.3% vs -4.1%), health (-1.9% vs -1.9%), transport (-1.5% vs -1.4%), recreation & culture (-1.3% vs -2.3%), and miscellaneous goods & services (-1.9% vs -1.7%). At the same time, food prices rose by 1.8%, the least in 5 months, after a 2.2% in July. Core consumer prices, which excludes accommodation and private road transport costs, decreased by 0.3% from a year earlier, compared with forecasts and the previous month figure of a 0.4% drop. On a monthly basis, consumer prices rose by 0.6%, the most in a year, and following a 0.3% fall in July.
Published on 2020-09-23

Singapore Consumer Prices Drop Less than Estimated
Consumer prices in Singapore fell by 0.4% year-on-year in July 2020, after a 0.5% drop in June and compared with market consensus of a 0.65% decline. It was the fourth consecutive decline in consumer prices, but the weakest in the current sequence of deflation, as cost fell less for transport (-1.4% vs -3.1% in June); miscellaneous goods & services (-1.7% vs -1.9%); and recreation & culture (-2.3% vs -2.9%). Meanwhile, prices dropped further for housing & utilities (-0.8%vs 0.2%); clothing & footwear (-4.1% vs -3.2%); and health (-1.9 vs -1.7%). Additionally, cost of food slowed (2.2% vs 2.3%). Core consumer prices, which excludes accommodation and private road transport costs, declined by 0.4% over a year earlier, the most since January 2010, after a 0.2% fall and above forecasts of a 0.3% decrease. On a monthly basis, consumer prices declined by 0.3%, following a flat reading in June.
Published on 2020-08-24

Singapore Deflation Slows in June
Consumer prices in Singapore dropped 0.5 percent year-on-year in June 2020, after falling 0.8 percent in May and compared with market consensus of a 0.55 percent decline. It was the third straight month of deflation, but the lowest in current sequence, as cost fell less for transport (-3.1% vs -4.8% in May); clothing & footwear (-3.2% vs -4.4%); and health (-1.7 vs -1.9%). In addition, prices rose further for both food (2.3% vs 2.2%) and housing & utilities (0.2%vs 0.1%) while cost of furnishings were unchanged (vs -0.4% in May). On the other hand, prices decreased at a faster pace for miscellaneous goods & services (-1.9% vs -1.4%) and recreation & culture (-2.9% vs -2%). Core consumer prices, which excludes accommodation and private road transport costs, fell 0.2% over a year earlier, the same pace as in May, and matching expectations. On a monthly basis, consumer prices were flat in June, after a 0.5% gain in May.
Published on 2020-07-23

Singapore Consumer Prices Fall the Most in 4 Years
Consumer prices in Singapore dropped 0.8 percent year-on-year in May 2020, after declining 0.7 percent in April and compared with market consensus of a 0.95 percent fall. It was the steepest decline in consumer prices since May 2016, as cost fell further for transport (-4.8% vs -4% in April); clothing & footwear (-4.4% vs -3.2%); miscellaneous goods & services (-1.4% vs -0.9%); health (-1.9 vs -1.8%); and furnishings (-0.4% vs -0.2%). On the other hand, food inflation quickened (2.2% vs 2.1%), while inflation was steady for housing & utilities inflation (at 0.1%). Also, cost of recreation & culture fell at a softer pace (-2% vs -2.8%). Core consumer prices, which excludes accommodation and private road transport costs, fell 0.2% yoy, for the fourth straight month, defying expectations of a 0.4% drop and after a 0.3% decline in April. On a monthly basis, consumer prices went up 0.5% in May, after a 0.9% drop in April.
Published on 2020-06-23

Singapore Consumer Prices Fall for 1st Time in 3-1/2 Years
Consumer prices in Singapore dropped 0.7% yoy in April 2020, after a flat reading in March and compared with market consensus of a 0.4% fall. It was the first decline in consumer prices since October 2016, amid plunging prices of transport (-4% vs 0.1% in March). Also, prices decreased for clothing & footwear (-3.2% vs -2.8%); recreation & culture (-2.8% vs -1.8%); miscellaneous goods & services (-0.9% vs -0.2%); health (-1.8%, the same pace as in March); education (-0.6% vs -0.5%) and furnishings (-0.2% vs 0.5%). Meantime, food inflation quickened (2.1% vs 1.5%), while cost of housing & utilities rebounded (0.1% vs -0.1%). Core consumer prices, which excludes accommodation and private road transport costs, fell 0.3% yoy, for the third straight month, defying expectations of a 0.4% drop and after a 0.2% decline in March. On a month-on-month basis, consumer prices went down 0.9% in April, the biggest fall since April 2013, after a 0.3% drop in March.
Published on 2020-05-26

Singapore Consumer Prices Unchanged in March
Singapore's consumer prices were unchanged from a year earlier in March 2020, after a 0.3 percent rise in the previous month and compared with market consensus of a 0.25 percent fall. Prices went up less for both food (1.5% vs 1.6% in February) and transport (0.1% vs 1.7%). On the other hand, cost fell further for housing & utilities (-0.1% vs -0.2%), education (-0.5% vs -0.5%), healthcare (-1.8% vs -1.5%), and clothing & footwear (-2.8% vs -2.7%). Meanwhile, prices of miscellaneous goods & services fell 0.2 percent, after a flat reading in February. The annual core consumer prices, which excludes accommodation and private road transport costs, dropped 0.2%, the second straight month of decline in prices, defying expectations of a 0.4 percent drop and after a 0.1% fall in February. On a month-on-month basis, consumer prices went down 0.3% in March, after a 0.1% gain in February.
Published on 2020-04-23

Singapore Inflation Rate Slows to 7-Month Low
Singapore's annual inflation rate fell to 0.3% in February 2020 from 0.8% in the prior month and compared with market consensus of 0.35%. This was the lowest inflation rate since July last year, as prices went up less for both food (1.6% vs 1.7% in January) and transport (1.7% vs 4.2%). In addition, cost fell further for housing & utilities (-0.2% vs -0.4%), education (-0.5% vs -0.6%), healthcare (-1.5% vs -1.3%), and clothing & footwear (-2.7% vs -3.8%). Meanwhile, prices of miscellaneous goods & services were flat, after a 0.2% drop in January). The annual core inflation rate, which excludes accommodation and private road transport costs, dropped to 0.1%, the first fall since January 2010, missing expectations of a 0.1 percent gain and after a 0.3% rise in January. On a month-on-month basis, consumer prices rose 0.1% in February, after a 0.2% fall in January.
Published on 2020-03-23

Singapore Inflation Rate Slightly Below Expectations
Singapore's annual inflation rate stood at 0.8 percent in January 2020, unchanged from the previous month and slightly below market expectations of 0.9 percent. Upward pressure came from food (1.7 percent, the same as in December) and transport (4.2 percent vs 3.1 percent), while price declines were recorded for housing & utilities (-0.4 percent vs -1.1 percent), education (-0.6 percent vs 2.3 percent), healthcare (-1.3 percent vs -0.6 percent), clothing & footwear (-3.8 percent vs -1.7 percent) and miscellaneous goods & services (-0.2 percent vs 0.3 percent). The annual core inflation rate, which excludes accommodation and private road transport costs rose to 0.3 percent in January, the least in four years. On a month-on-month basis, consumer prices fell 0.2 percent in January, after a 0.2 percent advance in December.
Published on 2020-02-24

Singapore Inflation Rate at 7-Month High of 0.8%
Singapore's annual inflation rate increased to 0.8 percent in December 2019 from 0.6 percent in the previous month, and beating market expectations of 0.7 percent. This was the highest inflation rate since May, as both transport and food prices rose faster while housing prices fell softer. On a month-on-month basis, consumer prices rose 0.3 percent in December, the same pace as in November.
Published on 2020-01-23

Singapore Inflation Rate Rises to 5-Month High
Singapore's annual inflation rate increased to 0.6 percent in November 2019 from 0.4 percent in the previous month, and matching market expectations. This was the highest inflation rate since June, as transport prices rose faster while housing prices fell softer on the back of a steady food inflation. On a month-on-month basis, consumer prices rose 0.3 percent in November, after declining 0.4 percent in October.
Published on 2019-12-23

Singapore Inflation Rate at 3-Month Low of 0.4% in October
Singapore's annual inflation rate was at 0.4 percent in October 2019, compared to market expectations and the previous month's figure of 0.5 percent. This was the lowest inflation rate in three months on the back of a further fall in cost of housing & utilities. On a month-on-month basis, consumer prices dropped 0.4 percent in October, after a flat reading in September.
Published on 2019-11-25

Singapore September Inflation Rate Steady at 0.5%
Singapore's annual inflation rate came in at 0.5 percent in September 2019, unchanged from the previous month, and matching market consensus. Transport prices slowed and housing & utilities cost fell further while food inflation was steady. On a month-on-month basis, consumer prices were flat in September, after a 0.5 percent gain in August.
Published on 2019-10-23

Singapore Inflation Rate Inches Higher to 0.5% in August
Singapore's annual inflation rate edged up to 0.5 percent in August 2019 from a six-month low of 0.4 percent in the previous month, matching market consensus. Transport and food prices rose at a faster pace while housing deflation eased. The core inflation rate, which excludes the costs of accommodation and private road transport, was 0.8 percent in August, unchanged from the previous month's three-year low.
Published on 2019-09-23

Singapore Inflation Rate Slows to 6-Month Low of 0.4% in July
Singapore's annual inflation rate fell to 0.4 percent in July 2019 from 0.6 percent in the previous month and below market expectations of 0.55 percent. That was the lowest inflation rate since January, amid a steeper fall in cost of housing & utilities while food inflation was steady for the third straight month. On a month-on-month basis, consumer prices dropped by 0.4 percent in July, faster than a 0.2 percent fall in June.
Published on 2019-08-23

Singapore Inflation Rate Slows to 3-Month Low of 0.6% in June
Singapore's annual inflation rate fell to 0.6 percent in June 2019 from a two-year high of 0.9 percent in the previous month and below market expectations of 0.7 percent. That was the lowest inflation rate since March, amid a marked slowdown in transport prices and a further fall in cost of housing & utilities. On a month-on-month basis, consumer prices dropped by 0.2 percent in June, reversing from a 0.7 percent rise in May.
Published on 2019-07-23

Singapore Inflation Rate Hits 2 Year-High in May
Singapore's annual inflation rate edged up unexpectedly to a two year-high of 0.9 percent in May 2019 from 0.7 percent in the previous month and above market expectations of 0.7 percent. Both prices of food and transport rose faster, with cost of housing declining less. On a month-on-month basis, consumer prices rose 0.7 percent in May, the first monthly increase in three months, after a 0.3 percent decline in April.
Published on 2019-06-24

Singapore Inflation Rate at Near 2-Year High of 0.8%
Singapore's annual inflation rate higher to 0.8 percent in April 2019 from 0.6 percent in the previous month and in line with market consensus. This was the highest inflation rate since May 2017, mainly due to a rebound in private road transport costs while food prices slowed. On a month-on-month basis, consumer prices declined 0.3 percent in April, following a 0.1 percent drop in March.
Published on 2019-05-23