Inflation in Singapore
Singapore - Inflation
Inflation ticks up in November, while core inflation falls
Consumer prices increased 0.2% over the previous month in November, contrasting the 0.3% decline posted in October. According to data released by Statistics Singapore, the uptick was primarily caused by higher prices for housing and utilities, food and clothing and footwear.
Inflation was 0.3% in November, easing from October’s 0.7%, while annual average inflation inched down to 0.4% in November from 0.5% in October.
Meanwhile, the Monetary Authority of Singapore’s (MAS) core inflation measure, which omits the costs of accommodation and private road transport, edged lower to 1.7% in November from 1.9% in October as a result of smaller increases in prices for services, and electricity and gas.
The MAS expects CPI inflation to average between 1.0% and 2.0% in 2019, and core inflation to average between 1.5% and 2.5%. FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2019, which is unchanged from last month’s forecast. In 2020, panelists also expect average inflation of 1.3%.
Singapore - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 2.4 | 1.0 | -0.5 | -0.5 | 0.6 |
Singapore Inflation Chart
Source: Singapore Department of Statistics and FocusEconomics calculations.
Singapore Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.19 | 1.39 % | Jan 16 |
| Exchange Rate | 1.36 | -0.01 % | Jan 16 |
| Stock Market | 3,229 | 0.18 % | Jan 16 |
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Economic News
Singapore: Non-oil exports plummet in December to 26-month low
January 17, 2019
Non-oil domestic exports (NODX) decreased by 8.5% year-on-year in December, contracting more than November’s downwardly revised 2.8% decline (previously reported: -2.6% year-on-year).
Singapore: Economic growth ticks down in the final quarter
January 2, 2019
According to an advanced estimate released on 2 January by the Ministry of Trade and Industry (MTI), the economy slowed in the fourth quarter due to softer growth in the services producing industries.
Singapore: Inflation ticks up in November, while core inflation falls
December 24, 2018
Consumer prices increased 0.2% over the previous month in November, contrasting the 0.3% decline posted in October.
Singapore: Non-oil exports contract in November despite a rebound in electronic exports
December 17, 2018
Non-oil domestic exports (NODX) decreased by 2.6% year-on-year in November, contrasting October’s downwardly revised 8.2% expansion (previously reported: +8.3% year-on-year).
Singapore: Manufacturing PMI falls to over one-year low in November; electronics PMI dips into contractionary territory
December 4, 2018
The manufacturing PMI produced by the Singapore Institute of Purchasing and Materials Management (SIPMM) edged down to 51.5 points in November from 51.9 points in October, marking the weakest performance in over one year.
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