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.

Inflation Rate in Singapore averaged 2.55 percent from 1962 until 2019, 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. source: Statistics Singapore

Inflation Rate in Singapore is expected to be 1.20 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 2.00 percent in 2020, according to our econometric models.


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Singapore Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.60 34.30 -3.10 1962 - 2019 percent Monthly
2014=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-23 05:00 AM Sep 0.5% 0.5% 0.5% 0.7%
2019-11-25 05:00 AM Oct 0.4% 0.5% 0.5% 0.8%
2019-12-23 05:00 AM Nov 0.6% 0.4% 0.6% 0.5%
2020-01-23 05:00 AM Dec 0.8% 0.6% 0.7% 0.5%
2020-02-24 05:00 AM Jan 0.8% 0.9%


News Stream
2019-12-23
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.

2019-11-25
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.

2019-10-23
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.

2019-09-23
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.

2019-08-23
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.

2019-07-23
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.


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.

Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.60 34.30 -3.10 percent [+]
Inflation Rate Mom 0.30 0.30 4.80 -1.90 percent [+]
Consumer Price Index CPI 101.00 100.70 101.00 24.17 points [+]
Core Consumer Prices 105.01 104.69 105.01 63.85 points [+]
Core Inflation Rate 0.70 0.60 6.50 -1.40 percent [+]
GDP Deflator 104.88 105.11 107.55 43.49 points [+]
Producer Prices 95.94 96.80 135.53 77.52 points [+]
Export Prices 96.33 97.89 240.64 91.87 points [+]
Import Prices 97.61 98.44 142.72 84.94 points [+]
Food Inflation 1.80 1.70 59.30 -7.70 percent [+]
Producer Prices Change -4.90 -7.70 29.27 -22.20 percent [+]
CPI Housing Utilities 88.40 88.40 101.14 23.39 points [+]
CPI Transportation 99.80 99.30 107.06 20.22 points [+]