Singapore Inflation Rate1962-2020 Data | 2021-2022 Forecast | Calendar | Historical

Consumer prices in Singapore dropped 0.5 percent year-on-year in June 2020, after falling 0.8 percent in May and compared with market consensus of a 0.55 percent decline. It was the third straight month of deflation, but the lowest in current sequence, as cost fell less for transport (-3.1% vs -4.8% in May); clothing & footwear (-3.2% vs -4.4%); and health (-1.7 vs -1.9%). In addition, prices rose further for both food (2.3% vs 2.2%) and housing & utilities (0.2%vs 0.1%) while cost of furnishings were unchanged (vs -0.4% in May). On the other hand, prices decreased at a faster pace for miscellaneous goods & services (-1.9% vs -1.4%) and recreation & culture (-2.9% vs -2%). Core consumer prices, which excludes accommodation and private road transport costs, fell 0.2% over a year earlier, the same pace as in May, and matching expectations. On a monthly basis, consumer prices were flat in June, after a 0.5% gain in May.

Consumer prices in Singapore dropped 0.8 percent year-on-year in May 2020, after declining 0.7 percent in April and compared with market consensus of a 0.95 percent fall. It was the steepest decline in consumer prices since May 2016, as cost fell further for transport (-4.8% vs -4% in April); clothing & footwear (-4.4% vs -3.2%); miscellaneous goods & services (-1.4% vs -0.9%); health (-1.9 vs -1.8%); and furnishings (-0.4% vs -0.2%). On the other hand, food inflation quickened (2.2% vs 2.1%), while inflation was steady for housing & utilities inflation (at 0.1%). Also, cost of recreation & culture fell at a softer pace (-2% vs -2.8%). Core consumer prices, which excludes accommodation and private road transport costs, fell 0.2% yoy, for the fourth straight month, defying expectations of a 0.4% drop and after a 0.3% decline in April. On a monthly basis, consumer prices went up 0.5% in May, after a 0.9% drop in April.

Consumer prices in Singapore dropped 0.7% yoy in April 2020, after a flat reading in March and compared with market consensus of a 0.4% fall. It was the first decline in consumer prices since October 2016, amid plunging prices of transport (-4% vs 0.1% in March). Also, prices decreased for clothing & footwear (-3.2% vs -2.8%); recreation & culture (-2.8% vs -1.8%); miscellaneous goods & services (-0.9% vs -0.2%); health (-1.8%, the same pace as in March); education (-0.6% vs -0.5%) and furnishings (-0.2% vs 0.5%). Meantime, food inflation quickened (2.1% vs 1.5%), while cost of housing & utilities rebounded (0.1% vs -0.1%). Core consumer prices, which excludes accommodation and private road transport costs, fell 0.3% yoy, for the third straight month, defying expectations of a 0.4% drop and after a 0.2% decline in March. On a month-on-month basis, consumer prices went down 0.9% in April, the biggest fall since April 2013, after a 0.3% drop in March.

Singapore's consumer prices were unchanged from a year earlier in March 2020, after a 0.3 percent rise in the previous month and compared with market consensus of a 0.25 percent fall. Prices went up less for both food (1.5% vs 1.6% in February) and transport (0.1% vs 1.7%). On the other hand, cost fell further for housing & utilities (-0.1% vs -0.2%), education (-0.5% vs -0.5%), healthcare (-1.8% vs -1.5%), and clothing & footwear (-2.8% vs -2.7%). Meanwhile, prices of miscellaneous goods & services fell 0.2 percent, after a flat reading in February. The annual core consumer prices, which excludes accommodation and private road transport costs, dropped 0.2%, the second straight month of decline in prices, defying expectations of a 0.4 percent drop and after a 0.1% fall in February. On a month-on-month basis, consumer prices went down 0.3% in March, after a 0.1% gain in February.