Singapore's annual core inflation, which exclude costs of accommodation and private road transport, picked up to 1.9 percent in December 2018 from 1.7 percent in November, beating market expectations of 1.7 percent. Core Inflation Rate in Singapore averaged 1.44 percent from 2009 until 2018, reaching an all time high of 3.50 percent in January of 2012 and a record low of -1.40 percent in October of 2009.
Core Inflation Rate in Singapore is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Singapore to stand at 2.10 in 12 months time. In the long-term, the Singapore Core Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.