Singapore's annual inflation rate was at 2.4% in June 2021, unchanged from May's 7-1/2-year-high figure and compared with market estimates of 2.5%. Services inflation was stable (at 1.4%); while private transport inflation picked up (14.9% vs 14.5% in May), amid a steeper rise in car prices. At the same time, accommodation inflation accelerated (1.1% vs 0.9%), as housing rents rose faster. In contrast, cost of retail & other goods fell more sharply (-1.8% vs -0.8%), mostly due to a steeper decline in the price of clothing & footwear. Core consumer prices, which exclude accommodation and private road transport costs, went up by 0.6% yoy, after a 0.8% rise in May which was the most since June 2019. On a monthly basis, consumer prices were unchanged after jumping 0.8% in May. source: Statistics Singapore
Inflation Rate in Singapore averaged 2.50 percent from 1962 until 2021, 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 July of 2021.
Inflation Rate 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 Inflation Rate in Singapore to stand at 1.50 in 12 months time. In the long-term, the Singapore Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.