Consumer prices in Singapore unexpectedly declined by 0.2 percent year-on-year in October 2020, compared to market consensus of a flat reading and after being flat a month earlier. There were rises in prices of food (1.7% vs 1.8% in September). Meantime, cost fell for: housing & utilities (-0.3% vs -0.7%), transport (-0.6% vs 0.5%), clothing & footwear (-4.3% vs -4.6%), health (-2.0% vs -2.0%), recreation & culture (-1.7% vs -1.2%), and miscellaneous goods & services (-1.3% vs -1.4%). Core consumer prices, which excludes accommodation and private road transport costs, dropped by 0.2% from a year earlier, after a 0.1% fall in September and compared with forecasts of a 0.1% decline. On a monthly basis, consumer prices went down by 0.4%, reversing from a 0.3% rise in September. source: Statistics Singapore
Inflation Rate in Singapore averaged 2.51 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 November of 2020.
Inflation Rate in Singapore is expected to be 0.10 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 0.70 in 12 months time. In the long-term, the Singapore Inflation Rate is projected to trend around 1.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.