Inflation in Singapore
Singapore - Inflation
Inflation stable in August
Consumer prices increased 0.5% month-on-month in August, contrasting the 0.4% drop in July. The price rise was chiefly driven by pricier housing and utilities, transport, and food, offsetting cheaper clothing and footwear, health care, and recreation and culture.
Inflation, meanwhile, ticked up to 0.5% in August from 0.4% in July, matching market analysts’ expectations. Annual average inflation was stable at 0.6% in August. The Monetary Authority of Singapore’s (MAS) core inflation measure, which excludes accommodation and private road transport costs, was stable at 0.8% in August.
In 2019, the MAS expects CPI inflation to average between 0.5% and 1.5%, and core inflation to average between 1.0% and 2.0%. FocusEconomics Consensus Forecast panelists, meanwhile, expect CPI inflation to average 0.9% in 2019, which is unchanged from the previous month’s forecast. In 2020, our panel expects average inflation of 1.3%.
Singapore - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.4||1.0||-0.5||-0.5||0.6|
5 years of economic forecasts for more than 30 economic indicators.
Singapore Inflation Chart
Source: Singapore Department of Statistics and FocusEconomics calculations.
|Bond Yield||1.69||1.39 %||Sep 04|
|Exchange Rate||1.38||-0.01 %||Sep 04|
|Stock Market||3,131||0.18 %||Sep 04|
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October 17, 2019
Non-oil domestic exports (NODX) fell 8.1% year-on-year in September, improving slightly from the revised 9.0% decline in August (previously reported: -8.9% year-on-year).
October 4, 2019
Singapore’s manufacturing Purchasing Managers’ Index (PMI), produced by the Singapore Institute of Purchasing and Materials Management (SIPMM) dropped from 49.9 in August to 49.5 in September, marking the lowest reading since July 2016.
September 23, 2019
Consumer prices increased 0.5% month-on-month in August, contrasting the 0.4% drop in July.
September 17, 2019
Non-oil domestic exports (NODX) dropped 8.9% year-on-year in August, improving from the revised 11.4% contraction in July (previously reported: -11.2% year-on-year) and beating market expectations of yet another double-digit decline.
August 23, 2019
Consumer prices decreased 0.4% over the previous month in July, following June’s 0.2% fall.