Singapore's annual inflation rate inched lower to 0.4 percent in January of 2019 from 0.5 percent in December and below market expectations of 0.6 percent, as prices slowed significantly for electricity & gas. Meantime, food inflation remained at its lowest in five months. On month-on-month basis, consumer prices declined 0.3 percent in January, compared to a 0.1 percent rise in December and marking the first monthly fall in three months. Inflation Rate in Singapore averaged 2.58 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 0.60 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 2.00 percent in 2020, according to our econometric models.