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.