Food prices in Singapore increased by 1.5 percent year-on-year in January of 2021, the least since March, after a 1.6 percent rise in December 2020. Within food excluding food servicing services, there were rises in most prices: bread & cereals (1.7% vs 0.7% in December), meat (2.5% vs 3.7%), milk, cheese & eggs (2.5% vs 2.2%), vegetables (7.3% vs 6.0%); sugar, preserves & confectionery (7.8% vs 6.3%), non-alcoholic beverages (6.9% vs 4.6%), other food (3.0% vs 3.0%), oils & fats (0.7% vs -0.3%). Among food servicing services, inflation was seen for all components: fast-food (1.3% vs 1.0%), hawker food prices (1.4% vs 1.4%), catered food (0.7% vs 0.6%), and restaurant food (0.8% vs 1.2%). source: Statistics Singapore
Food Inflation in Singapore averaged 2.86 percent from 1962 until 2020, reaching an all time high of 60.30 percent in November of 1973 and a record low of -7.90 percent in August of 1976. This page provides the latest reported value for - Singapore Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Food Inflation - values, historical data and charts - was last updated on February of 2021.
Food Inflation in Singapore is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Singapore to stand at 1.70 in 12 months time. In the long-term, the Singapore Food Inflation is projected to trend around 1.70 percent in 2021, according to our econometric models.