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. Inflation Rate in Singapore averaged 2.57 percent from 1962 until 2019, 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 1.60 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.