Inflation in Singapore

Singapore Inflation | Economic News & Forecasts

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  

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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 Yield2.191.39 %Jan 16
Exchange Rate1.36-0.01 %Jan 16
Stock Market3,2290.18 %Jan 16

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