Inflation in Singapore

Singapore Inflation | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.4  1.0  -0.5  -0.5  0.6  

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Singapore Inflation Chart

Singapore Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Singapore Department of Statistics and FocusEconomics calculations.

Singapore Facts

Bond Yield1.691.39 %Sep 04
Exchange Rate1.38-0.01 %Sep 04
Stock Market3,1310.18 %Sep 04

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