Food prices in Singapore increased by 0.9 percent year-on-year in June of 2021, the least since March 2010, after a 1 percent rise a month earlier. Within food excluding food servicing services, cost went up more for vegetables (3.5% vs 3.9%); other food (1.2% vs 1%), and milk, cheese & eggs (0.4% vs 0.2%); while declines were seen for prices of non-alcoholic beverages (-1.2% vs 0.6%), bread & cereals (-0.4% vs -0.3%), sugar, preserves & confectionery (-1.8% vs -1.6%), oils & fats (-4.4% vs -5.1%), and meat (-1.7% vs -2.5%). Among food servicing services, prices rose further all components: restaurant foods (1.1% vs 1.1%), fast-food (1.1% vs 1.1%), hawker food prices (1.5% vs 1.3%), and catered food (0.6% vs 0.6%). 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 August of 2021.
Food Inflation in Singapore is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Singapore to stand at 2.00 in 12 months time. In the long-term, the Singapore Food Inflation is projected to trend around 1.70 percent in 2022, according to our econometric models.