Singapore Inflation June 2018


Singapore: Inflation picks up in June

July 23, 2018

Consumer prices increased 0.1% over the previous month in June, down from May’s 0.6% increase. According to data released by Statistics Singapore, June’s rise in prices was primarily driven by higher prices for food and recreation and culture.

In June, inflation rose to 0.6% from 0.4% in May, in line with market expectations. Annual average inflation remained at 0.4%.

Finally, the Monetary Authority of Singapore’s (MAS) core inflation measure, which omits the costs of accommodation and private road transport, rose from 1.5% in May to 1.7% in June. The uptick came on faster food and services inflation.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2018 and 1.3% in 2019.

Author:, Economist

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Singapore Inflation Chart

Singapore Inflation June 2018

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

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