Food prices in Singapore increased by 2.1 percent year-on-year in December of 2021, the most since July 2020, after a 1.9 percent gain in the prior month. Within food excluding food servicing services, prices rose further for vegetables (6.4% vs 6.8%); milk, cheese & eggs (2.1% vs 2.3%); meat (2.2% vs 1.5%); non-alcoholic beverages (1% vs 1.1%); oils & fats (5.6% vs 4.9%); bread & cereals (1.6% vs 1.8%); and other food (1.4% vs 1.7%). In contrast, prices of sugar, preserves & confectionery fell further (-1.5% vs -1.6%). Among food servicing services, prices continued to rise for all components: restaurant foods (1.3% vs 1.1%), fast-food (2.4% vs 2.5%), hawker food (1.8% vs 1.8%), and catered food (0.7% vs 0.7%). 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 January of 2022.

Food Inflation in Singapore is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Food Inflation is projected to trend around 1.70 percent in 2022, according to our econometric models.

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Singapore Food Inflation

Related Last Previous Unit Reference
Inflation Rate 4.00 3.80 percent Dec/21
Inflation Rate Mom 0.50 1.00 percent Dec/21
Consumer Price Index CPI 104.44 103.96 points Dec/21
Core Consumer Prices 104.53 104.02 points Dec/21
GDP Deflator 107.38 106.75 points Sep/21
Producer Prices 104.58 103.26 points Nov/21
Export Prices 109.80 108.78 points Nov/21
Import Prices 108.60 109.15 points Nov/21
Food Inflation 2.10 1.90 percent Dec/21
CPI Transportation 115.69 114.20 points Dec/21
CPI Housing Utilities 103.59 103.22 points Dec/21
Producer Prices Change 26.00 25.40 percent Nov/21