Singapore Inflation December 2019

Singapore

Singapore: Inflation rises in December

January 23, 2020

Consumer prices rose 0.3% month-on-month in December, matching November’s figure. The print reflected more expensive food; transportation; and communication prices, which largely offset cheaper clothing and footwear.

Inflation, meanwhile, rose to 0.8% in December from 0.6% in November. As a consequent, inflation averaged 0.6% in the year as a whole, which is slightly up from 2018’s 0.4% reading. Furthermore, the Monetary Authority of Singapore’s core inflation measure, which excludes accommodation and private road transport costs, edged up to 0.7% in December from 0.6% in the prior month.

FocusEconomics Consensus Forecast panelists, meanwhile, expect CPI inflation to average 1.2% in 2020, which is unchanged from the previous month’s forecast. In 2021, our panel expects average inflation of 1.4%.


Author:, Economist

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Singapore Inflation Chart


Singapore Inflation December 2019

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


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