Consumer prices in Singapore unexpectedly were unchanged from a year earlier in December 2020, after decreasing by 0.1 percent in the previous month, and compared with forecasts of a 0.1% fall. There were rises in prices of food (1.6% vs 1.8% in November) while that of transport rebounded (0.6% vs -0.4%).Prices fell for: housing & utilities (-0.2% vs -0.3%), clothing & footwear (-4.1% vs -5.8%), health (-0.4% vs -0.5%), recreation & culture (-2.2% vs -1.9%), and miscellaneous goods & services (-1.4% vs -1.7%). Core consumer prices, which excludes accommodation and private road transport costs, dropped by 0.3% from a year earlier, the most since August, after a 0.1% fall in November and compared with market forecasts of a 0.1 percent drop. On a monthly basis, consumer prices were up by 0.4%, the same pace as in November. source: Statistics Singapore
Inflation Rate in Singapore averaged 2.50 percent from 1962 until 2020, 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. Singapore Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Singapore is expected to be 0.30 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 1.90 percent in 2022, according to our econometric models.