Food prices in Singapore increased by 6.4 percent year-on-year in August of 2022, the most since November 2008, following a 6.1 percent gain in the prior month. Within food excluding food servicing services, cost rose further for bread & cereals (4.9% vs 4.8% in July); meat (13.0% vs 10.5%); milk, cheese & eggs (6.4% vs 6.0%); oils & fats (6.0% vs 5.6%); vegetables (6.1% vs 4.9%); non-alcoholic beverages (4.1% vs 3.8%); sugar, preserves & confectionery (3.8% vs 2.1%); and other food (3.5% vs 4.2%). Among food servicing services, prices increased more for restaurant foods (6.1% vs 5.4%), fast-food (4.5% vs 5.3%), hawker food (6.9% vs 6.7%), and catered food (6.6% vs 6.6%). source: Statistics Singapore
Food Inflation in Singapore averaged 2.86 percent from 1962 until 2020, reaching an all time high of 60.30 percent in November of 1973 and a record low of -7.90 percent in August of 1976. This page provides the latest reported value for - Singapore Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Food Inflation - values, historical data and charts - was last updated on September of 2022.
Food Inflation in Singapore is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Food Inflation is projected to trend around 1.70 percent in 2023, according to our econometric models.