Consumer prices in Singapore edged down 0.1 percent year-on-year in November 2020, after declining by 0.2 percent in the previous month, and compared with forecasts of a 0.2% fall. Prices fell for: housing & utilities (-0.3%, the same pace as in October), transport (-0.4% vs -0.6%), clothing & footwear (-5.8% vs -4.3%), health (-0.5% vs -2.0%), recreation & culture (-1.9% vs -1.7%), and miscellaneous goods & services (-1.7% vs -1.3%). There were rises in prices of food (1.8% vs 1.7% in October). Core consumer prices, which excludes accommodation and private road transport costs, dropped by 0.1% from a year earlier, after a 0.2% decrease in October and in line with forecasts. On a monthly basis, consumer prices went up by 0.4%, after declining 0.4% in October. source: Statistics Singapore
Inflation Rate in Singapore averaged 2.51 percent from 1962 until 2020, reaching an all time high of 34.30 percent in March of 1974 and a record low of -3.10 percent in September of 1976. This page provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Singapore is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Singapore to stand at 0.70 in 12 months time. In the long-term, the Singapore Inflation Rate is projected to trend around 1.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.