News

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

Singapore March Inflation Rate Rises to 5-Month High of 0.6%
Singapore's annual inflation rate inched higher to 0.6 percent in March 2019 from 0.5 percent in the previous month and above market consensus of 0.3 percent. This was the highest inflation rate since October last year, as cost of food rose further and prices of both housing and transport fell less. On a month-on-month basis, consumer prices declined 0.1 percent in March, reversing from a nine-month high of a 0.5 percent rise in February.
Published on 2019-04-23

Singapore Inflation Rate Edges Up to 0.5% in February
Singapore's annual inflation rate inched higher to 0.5 percent in February of 2019 from 0.4 percent in January and matching market expectations, as both housing and transport prices fell less than in a month earlier while food inflation remained steady for the fourth straight month. On month-on-month basis, consumer prices rose 0.5 percent in February, reversing from a 0.3 percent fall in January.
Published on 2019-03-25

Singapore Inflation Rate Below Estimates in January
Singapore's annual inflation rate inched lower to 0.4 percent in January of 2019 from 0.5 percent in December and below market expectations of 0.6 percent, as prices slowed significantly for electricity & gas. Meantime, food inflation remained at its lowest in five months. On month-on-month basis, consumer prices declined 0.3 percent in January, compared to a 0.1 percent rise in December and marking the first monthly fall in three months.
Published on 2019-02-25

Singapore December Inflation Rate Above Expectations
Singapore's annual inflation rate increased to 0.5 percent in December from a seven-month low of 0.3 percent in the previous month and slightly above market consensus of 0.4 percent. Upward pressure came mostly from housing & utilities, clothing & footwear, household durables & services and recreation & culture. Annual core inflation, which exclude costs of accommodation and private road transport, picked up to 1.9 percent in December from 1.7 percent in November, beating market expectations of 1.7 percent. On a month-on-month basis, consumer prices edged up 0.1 percent in December, after a 0.2 percent rise in November.
Published on 2019-01-23

Singapore Inflation Rate at 7-Month Low of 0.3% in November
Singapore's annual inflation rate slowed to a 7-month low of 0.3 percent in November 2018 from 0.7 percent in the previous three months and less than market consensus of 0.6 percent. Food inflation remained at its lowest in five months, while cost of transport fell further. On a month-on-month basis, consumer prices went up 0.2 percent, after a 0.3 percent fall in October and marking the highest reading in three months.
Published on 2018-12-24

Singapore Inflation Rate Unchanged in October
Singapore's annual inflation rate came in at 0.7 percent in October 2018, unchanged from the previous month and slightly below market consensus of 0.8 percent. Food prices rose at a slower pace while cost of housing and transport continued to fall. Annual core inflation, which exclude costs of accommodation and private road transport, edged up to 1.9 percent in October 2018 from 1.8 percent in September and matching expectations. On a month-on-month basis, consumer prices fell 0.3 percent in October, after a flat reading in September.
Published on 2018-11-23

Singapore September Inflation Rate Below Estimates
Singapore's annual inflation rate came in at 0.7 percent in September of 2018, unchanged from the previous month and slightly below market consensus of 0.8 percent. Prices rose less mainly for food, clothing & footwear and recreation & culture. Meanwhile, inflation picked up for education and cost dropped at a slower pace for housing and transport. On a month-on-month basis, consumer prices were flat, after a 0.4 percent gain in August.
Published on 2018-10-23

Singapore Inflation Rate Rises to 15-Month High in August
Singapore's annual inflation rate edged up to 0.7 percent in August of 2018 from 0.6 percent in the previous month and matching market consensus. It was the highest rate since May 2017, driven by a faster rise in prices of food while cost of housing and transport fell at a softer pace. On a monthly basis, consumer prices rose by 0.4 percent, compared to a 0.1 percent fall in August and marking the highest monthly level in three months.
Published on 2018-09-24

Singapore Inflation Rate Steady at 0.6% in July
Singapore's annual inflation rate came in at 0.6 percent in July 2018, unchanged from the previous month’s 7-month high, slightly below market consensus of 0.65 percent. Food inflation was steady while housing deflation eased and transports prices fell.
Published on 2018-08-23

Singapore Inflation Rate Rises to 7-Month High in June
Singapore's consumer price inflation rose to 0.6 percent year-on-year in June 2018 from 0.4 percent in the previous month, matching market consensus. It was the highest rate since last November, mainly boosted by higher prices of food and transport while housing deflation eased. Core consumer prices, which exclude costs of accommodation and private road transport, increased by 1.7 percent in June, following a 1.5 percent gain in May and beating expectations of 1.5 percent. On a month-on-month basis, consumer prices edged up 0.1 percent, compared to a 0.6 percent advance in May.
Published on 2018-07-23

Singapore Inflation Rate at 3-Month High of 0.4% in May
Singapore's consumer price inflation rose to 0.4 percent year-on-year in May of 2017 from 0.1 percent in the previous month and above market consensus of 0.3 percent. It is the highest rate since February, as cost of transport picked up and prices of food continued to increase while cost of housing fell less. Core consumer prices which exclude costs of accommodation and private road transport, increased by 1.5 percent, following a 1.3 percent gain in April and slightly above expectations of 1.4 percent. On a month-on-month basis, consumer prices went up by 0.6 percent, compared to a 0.5 percent fall in a month earlier. It is the highest monthly figure since November last year.
Published on 2018-06-25