Consumer prices in Singapore unexpectedly were unchanged from a year earlier in December 2020, after decreasing by 0.1 percent in the previous month, and compared with forecasts of a 0.1% fall. There were rises in prices of food (1.6% vs 1.8% in November) while that of transport rebounded (0.6% vs -0.4%).Prices fell for: housing & utilities (-0.2% vs -0.3%), clothing & footwear (-4.1% vs -5.8%), health (-0.4% vs -0.5%), recreation & culture (-2.2% vs -1.9%), and miscellaneous goods & services (-1.4% vs -1.7%). Core consumer prices, which excludes accommodation and private road transport costs, dropped by 0.3% from a year earlier, the most since August, after a 0.1% fall in November and compared with market forecasts of a 0.1 percent drop. On a monthly basis, consumer prices were up by 0.4%, the same pace as in November. source: Statistics Singapore

Inflation Rate in Singapore averaged 2.50 percent from 1962 until 2020, reaching an all time high of 34.30 percent in March of 1974 and a record low of -3.10 percent in September of 1976. This page provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Inflation Rate in Singapore is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Singapore to stand at 1.20 in 12 months time. In the long-term, the Singapore Inflation Rate is projected to trend around 1.90 percent in 2022, according to our econometric models.

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Singapore Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.10 34.30 -3.10 1962 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-23 05:00 AM Sep 0.0% -0.4% -0.25% -0.2%
2020-11-23 05:00 AM Oct -0.2% 0% 0% 0.1%
2020-12-23 05:00 AM Nov -0.1% -0.2% -0.2% 0.2%
2021-01-25 05:00 AM Dec 0.0% -0.1% -0.1% -0.1%
2021-02-23 05:00 AM Jan 0.0%
2021-03-23 05:00 AM Feb
2021-04-23 05:00 AM Mar
2021-05-24 05:00 AM Apr


News Stream
Singapore Consumer Prices Unchanged in December
Consumer prices in Singapore unexpectedly were unchanged from a year earlier in December 2020, after decreasing by 0.1 percent in the previous month, and compared with forecasts of a 0.1% fall. There were rises in prices of food (1.6% vs 1.8% in November) while that of transport rebounded (0.6% vs -0.4%).Prices fell for: housing & utilities (-0.2% vs -0.3%), clothing & footwear (-4.1% vs -5.8%), health (-0.4% vs -0.5%), recreation & culture (-2.2% vs -1.9%), and miscellaneous goods & services (-1.4% vs -1.7%). Core consumer prices, which excludes accommodation and private road transport costs, dropped by 0.3% from a year earlier, the most since August, after a 0.1% fall in November and compared with market forecasts of a 0.1 percent drop. On a monthly basis, consumer prices were up by 0.4%, the same pace as in November.
2021-01-25
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.
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.
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.
2020-10-23

Singapore Inflation Rate
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.