Singapore Inflation April 2018


Singapore: Inflation moderates in April

May 23, 2018

Consumer prices decreased 0.5% over the previous month in April, down from March’s 0.2% drop. According to data released by Statistics Singapore, the fall in prices was primarily driven by lower prices for housing and utilities.

In April, inflation moderated to 0.1% from the prior month’s 0.2%, coming in below market expectations. Annual average inflation was stable at the previous month’s reading of 0.5%.

Finally, the Monetary Authority of Singapore’s (MAS) core inflation measure, which omits the costs of accommodation and private road transport, also eased, from 1.5% in March to 1.3% in April. The dip came on lower retail inflation and a milder rise in electricity tariffs.

Singapore Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2018, which is down 0.1 percentage points from last month’s estimate. For 2019, the panel sees average inflation of 1.3%.

Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Singapore? Download a sample report now.


Singapore Inflation Chart

Singapore Inflation April 2018

Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Singapore (Singstat).

Singapore Economic News

More news

Search form