Inflation in Singapore
Singapore - Inflation
Consumer prices broadly unchanged in September
Consumer prices rose 0.33% over the previous month in September, slowing from the 0.63% increase recorded in August. The lower reading was primarily driven by milder housing price pressures in the month.
Consumer prices were broadly unchanged on an annual basis in September, following August’s 0.4% decrease. September's result represented the end of a five-month run of falling year-on-year consumer prices. The annual average variation of consumer prices was also flat in September, matching August's reading. Lastly, core consumer prices fell 0.1% on an annual basis in September, which was a smaller drop than August's 0.3% decrease.
FocusEconomics Consensus Forecast panelists expect consumer prices to fall 1.1% in 2021, which is up 0.1 percentage points from the previous month’s forecast. In 2022, our panel expects inflation of 1.4%.
Singapore - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | -0.5 | -0.5 | 0.6 | 0.4 | 0.6 |
Singapore Inflation Chart
Source: Singapore Department of Statistics and FocusEconomics calculations.
Singapore Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.74 | 1.39 % | Dec 31 |
| Exchange Rate | 1.34 | -0.01 % | Jan 01 |
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Economic News
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Singapore: Revised estimate reveals softer GDP contraction in Q3
November 23, 2020
Singapore’s economy contracted less than initially expected in Q3, according to new figures released on 23 November, as the gradual easing of circuit breaker measures during the period bolstered activity.
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Singapore: Non-oil exports unexpectedly contract in October
November 17, 2020
Non-oil domestic exports (NODX) fell 3.1% on an annual basis in October (September: +5.8% year-on-year).
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Singapore: Manufacturing and electronics PMIs rise in October
November 4, 2020
The Purchasing Managers’ Indices (PMIs)—produced by the Singapore Institute of Purchasing and Materials Management (SIPMM)—for the manufacturing and electronics sectors both ticked up marginally in October, pushing further into expansionary territory as they continued to recover after falling to the lowest levels in over a decade in April due to the coronavirus pandemic. The manufacturing PMI inched up to 50.5 in October from 50.3 in September, thus moving slightly further above the 50-point threshold that separates expansion from contraction in the sector.
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Singapore: Consumer prices broadly unchanged in September
October 23, 2020
Consumer prices rose 0.33% over the previous month in September, slowing from the 0.63% increase recorded in August.
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Singapore: Non-oil exports rise at a milder pace in September
October 16, 2020
Non-oil domestic exports (NODX) rose 5.9% in annual terms in September, rising at a slower pace than August’s 7.7% increase and falling short of market expectations.
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