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 month 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. Inflation Rate in Singapore averaged 2.59 percent from 1962 until 2018, 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 expected to be 1.00 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 1.50 in 12 months time. In the long-term, the Singapore Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.