Inflation Rate in Singapore averaged 2.50 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. Try it today! CPI Home. Consumer Price Index CPI in Singapore decreased to 100.20 points in January from 100.50 points in December of 2020. (File photo: REUTERS/Edgar Su) 23 Nov 2020 02:28PM (Updated: 23 Nov 2020 02:30PM ) Consumer Price Developments in February 2020 Summary MAS Core Inflation fell to ‐0.1% on a year‐on‐year (y‐o‐y) basis in February, from 0.3% in January. Singapore's consumer-price index is expected to fall 0.3% this year, compared with a 0.4% decline forecast previously. Both MAS Core Inflation and CPI-All Items inflation are forecast to average between -1 percent and 0 in 2020. singapore's cpi fell by 0.2% in 2020 All Items less OOA: Accommodation, one of the groups in the Housing & Utilities Division of the CPI, comprises 'rented and owner-occupied accommodation', as well as 'housing maintenance & repairs'. In 2020, the consumer price index (CPI) for food was 101.86. Pachter raised his target for the stock to $5.00 from $2.50, but that target was 38% below Friday's closing price of $8.05. Obtain latest news and data; View dates of upcoming data releases; Sign up for alerts on key releases; Check out the newsletter. For more information, please refer to the resources at, © 2021 Government of Singapore MTI and MAS reiterated in the press release that Singapore's inflation is expected to remain subdued overall. The authorities kept their official 2020 forecast range for both core and headline inflation at 0.5 per cent to 1.5 per cent. This is within the higher half of the Ministry of Trade and Industry's forecast … Gross domestic product is expected to shrink 6.0% in 2020, according to the median estimate in the Monetary Authority of Singapore's December survey of … MAS said Wednesday that 23 economists responded to the latest quarterly survey, the results of which don't represent the central bank's views or forecasts. Inflation Rate in Singapore is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The exchange rate is forecast at 1.3150 for end-2021. The Consumer Price Index (CPI) y/y reflects average percentage changes in prices for the fixed basket of consumer goods and services purchased by Singapore population during the reported month compared to the same month of the previous year. LOWER COSTS OF TRANSPORT, HEALTH CARE, CLOTHING & FOOTWEAR, INFLATION RATE FOR GENERAL HOUSEHOLDS AND BY HOUSEHOLD INCOME GROUP IN 2020, IN 2020, THE CPI-ALL ITEMS DIPPED BY 0.1% FOR BOTH, View our latest press release on Consumer Price Index by Household Income Group. Dow opens higher but tech stocks come under pressure Monday as investors wrestle with rise in Treasury yields, Nasdaq marks first correction since September as Dow books biggest outperformance against peer indexes in years, Tech stocks are under pressure. The containment of the Covid-19 pandemic, attributable mainly to widespread global deployment of a vaccine, was again the most frequently cited upside potential to Singapore's growth outlook. Both CPI and core CPI are projected to rise 0.6% in 2021. The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Consumer prices rose 0.34% in January over the previous month, picking up from the 0.17% increase recorded in December and marking the sharpest increase in prices since July 2020. Don’t buy the dip, sell the bounces, strategist says, Piers Morgan storms off set after being confronted over criticism of Meghan Markle, Biden stimulus will give a major boost to the global recovery, OECD says, If Elon Musk makes it to Mars, then what? They project accommodation and food services to shrink 27.0% versus 29.1% contraction predicted previously, and expect wholesale and retail trade to contract 5.0% compared with their prior projection of 6.4% contraction. The U.S. dollar-Singapore dollar exchange rate is forecast at 1.3400 for end-2020, down from 1.3700 projected previously. Item: Legend: Latest Period: Latest Data % Change (Y-o-Y) 1/ Previous Period … Looking forward, we estimate Inflation Rate in Singapore to stand at 1.20 in 12 months time. Key Quotes “Singapore’s consumer price index rose for the second straight month at +0.2% y/y (0.0% m/m sa) in January 2021. January's result marked the first fall in prices since October 2020 and was primarily driven by lower prices for clothing and footwear, and housing and utilities. of consumption goods and services commonly purchased by resident households over time. Business Confidence in Singapore averaged 13 points from 1970 until 2020, reaching an all time high of 54 points in the first quarter of 1976 and a record low of -57 points in the fourth quarter of 2008. Indexes are available for the U.S. and various geographic areas. It is widely used as a measure of consumer price inflation. Write to Ronnie Harui at ronnie.harui@wsj.com. Consumer Price Index CPI in Singapore averaged 62.18 points from 1961 until 2021, reaching an all time high of 100.50 points in December of 2020 and a … Consumer prices fell 0.03% in January over the previous month, contrasting December's 0.36% rise. Private consumption is forecast to contract 13.4%, compared with an earlier forecast of 11.8% contraction. On the domestic front, cost pressures are expected to ... All in, both MAS Core Inflation and CPI-All Items inflation are forecast to come in between -0.5 and 0% in 2020. This page provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. In terms of the forecast range, CPI-All Items inflation is projected to fall between 1.0-1.4%, They also predict Singapore's exports of locally produced goods to rise 4.2%, versus 4.5% growth projected previously. In corporate news, shares of AMC Entertainment Holdings Inc. undefined surged as the "meme" stock's bounce from last month's plunge continued, after Wedbush analyst Michael Pachter doubled his price target ahead of the company's earnings report, citing an increasing optimism over the post-pandemic environment. It is widely used as a measure of the consumer price inflation. For more information on special travel arrangements that Singapore has implemented with other countries/regions, please go to https: ... Consumer Price Developments in April 2020 Consumer Price Developments in April 2020 ... MTI Downgrades 2020 GDP Growth Forecast to "-7.0 to -4.0 Per Cent" Monetary Authority of Singapore Economic Policy Group CPI-All Items inflation and MAS Core Inflation are expected to come in at 0.8% and 0.9%, respectively in 2020 CPI-All Items inflation and MAS Core Inflation for Q1 2020 are expected to come in at 0.7% and 0.6%, On the basis of these monthly inflation forecasts, average consumer price inflation should be 1.4% in 2021 and 1.7% in 2022, compared to 0.74% in 2020 and 1.44% in 2019. This is even lower than the official baseline of 0.5% growth this year, or the mid-point of -0.5% to 1.5% forecast range announced by the trade and industry ministry last month. CPI Housing Utilities in Singapore decreased to 99.20 points in January from 100.20 points in December of 2020. source: Statistics Singapore CPI Housing Utilities in Singapore averaged 63.36 points from 1961 until 2021, reaching an all time high of 114.81 points in December of 2013 and a record low of 26.55 points in January of 1961. That, in turn, has contributed to a rise in bond yields which has helped fuel a rotation away from growth-oriented stocks with high valuations toward stocks that have been left behind in the stock market's post-COVID recovery. The weighting pattern for the 2019-based CPI was derived from the expenditure values obtained from the Household Expenditure Survey conducted between Oct 2017 and Sep 2018, and updated to 2019 values by taking into account price changes between 2017/18 and 2019. CPI Housing Utilities in Singapore decreased to 99.2 Index Points in January 2021. Gross domestic product is expected to shrink 6.0% in 2020, according to the median estimate in the Monetary Authority of Singapore's December survey of external professional forecasters. All Items less OOA: Accommodation, one of the groups in the Housing & Utilities Division of the CPI, MAS Core Inflation Measure: The Monetary Authority of Singapore (MAS) monitors a core inflation. This page provides - Singapore Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. The Dow Jones Industrial Average [: DJIA] was trading up 121 points, or 0.4%, at 31,606, the S&P 500 index undefined climbed 0.1% at 3,842, while the Nasdaq Composite Index undefined was off 0.2% at 12,899. Download SingStat Mobile App for fast, free and easy access to Singapore official statistics and key ASEAN statistics! The CPI, compiled on a monthly basis, is widely used as a consumer inflation measure. Stock-index benchmarks were trading mostly higher Monday morning, with tech-related shares under pressure as government bond yields extended their climb following Senate passage of a $1.9 trillion COVID-19 relief package. GameStop tapped Chewy co-founder Ryan Cohen to lead its e-commerce shift, according to reports. Inflation came in at 0.2% in January, contrasting December’s flat reading. Singapore’s major trading partners. https://www.singstat.gov.sg/find-data/search-by-theme/economy/prices-and-price-indices. Last Updated: 5 Mar 2021, HOUSING & UTILITIES, FOOD, AND TRANSPORT ARE THE TOP 3 EXPENDITURE GROUPS. Consumer Price Index (CPI) By Household Income Group, Highest 20%, 2019 As Base Year, Half-Yearly Ministry of Trade and Industry - Department of Statistics / 06 Mar 2021 The CPI is designed to measure the average price changes in a fixed basket of consumption goods and services commonly purchased by the resident households over time. Search for data by themes or A-Z; Obtain time series and cross sectional tables from the SingStat Table Builder; Find out more about statistical concepts; Take the Quizzes. Economist at UOB Group Barnabas Gan assesses the latest inflation figures in Singapore. Consumer Price Index (CPI), Additional Indicators, 2019 as Base Year, Monthly Ministry of Trade and Industry - Department of Statistics / 05 Mar 2021 Based on Monetary Authority of Singapore … o This was largely due to … This page provides forecast and historical data, charts, statistics, news and updates for Singapore Consumer Price Index (CPI). Average price data for select utility, automotive fuel, and food items are also available. In 2017, the average inflation rate in Singapore amounted to about 0.58 percent compared to the previous year, and it seemed to recover from … Consumer Price Index, Monthly Ministry of Trade and Industry - Department of Statistics / 27 Jan 2021 The CPI is designed to measure the average price changes in a fixed basket of consumption goods and services commonly purchased by the resident households over time. Inflation forecast, measured in terms of the consumer price index (CPI) or harmonised index of consumer prices (HICP) is defined as the projected change in the prices of a basket of goods and services that are typically purchased by households. Learn more about the statistical standards, classifications, concepts and methods adopted by Singapore Department of Statistics, as well as other international classifications. Singapore Consumer Price Index by Household Income Group for Jul - Dec and Full Year 2020 PDF (132KB) 28 December 2020 Services Producer Price Indices, 3Q2020 View More. A further deterioration in the Covid-19 situation due to new outbreaks or delays in vaccine development once again topped the list of downside risks to Singapore's growth outlook identified by respondents. These are the hurdles for humans who wish to live on the Red Planet, These teens are having fun in today’s stock market, and, for the most part, making money — here are the secrets to their early success. It is commonly used as a measure of consumer price inflation. That compares with the September survey's prediction for a 6.0% contraction. This compares to market estimates for CPI to expand 0.2% y/y ( … However, the economists expect construction to shrink 36.2% in 2020, compared with their previous forecast for a 23.0% contraction. Data published Monthly by Statistics. Economists raised their manufacturing growth forecast for 2020 to 5.8% from 2.3% previously. The maximum level was 115 Index Points and minimum was 26.55 Index Points. Download from the SingStat Table Builder over 2,000 data tables from 70 public sector agencies. In the latest Monetary Authority of Singapore (MAS) quarterly survey of professional forecasters, the median forecast was for 1.5 per cent growth in 2020, with the most probable growth range being 1.5 to 1.9 per cent. Expectations that aggressive fiscal spending coupled with a rapidly reopening economy as vaccine rollouts continue have fueled expectations for at least a near-term surge in inflation. Shares of AMC and GameStop Corp. undefined have been a focus of retail investors and short sellers of late. Core CPI is likely to drop 0.2%, compared with 0.3% decline predicted in the prior survey. Detailed CPI statistics can be found in the Department of Statistics’ release titled “Singapore Consumer Price Index for June 2020”. GDP is expected to grow 5.5% in 2021, with respondents on average forecasting Singapore's economy to expand between 5.0% and 5.9% next year. The weighting pattern for the 2014-based CPI was derived from the Both MAS Core Inflation and CPI‐All Items inflation are forecast to average between ‐1% and 0% in 2020. The index is often … In 2021, MAS Core Inflation is expected to average 0–1%, while CPI-All ... Consumer Price Index for September 2020”. Our full-year growth forecast for 2020 now stands at 0.3%, a sharp downgrade from 1.0% earlier. Consumer Price Index (CPI) for Singapore from Singapore Department of Statistics (DOS) for the Consumer Price Index release. Monetary Authority of Singapore Economic Policy Group CPI-All Items and MAS Core Inflation are forecast to be higher next year CPI-All Items inflation is forecast to come in at 1.4% in 2020, while MAS Core Inflation is expected to be 1.6%. SINGAPORE--Singapore's economy is expected to contract this year at the same pace as a prior survey's prediction, as faster growth in manufacturing and slower contraction in areas such as accommodation and food services offset steeper declines in construction and private consumption, a central bank survey showed Wednesday. Copyright © 2021 MarketWatch, Inc. All rights reserved. A largely empty shopping centre is seen during the COVID-19 outbreak in Singapore, Aug 17, 2020. The Consumer Price Index (CPI) measures the average price changes in a fixed basket of consumption goods and services commonly purchased by the resident households over time. IMPACT OF COVID-19: As of December 1, 2020, 29 deaths had been attributed to the pandemic in Singapore, and the economy was forecast to contract by 6.0 percent for the year. The latest comprehensive information for - Singapore Consumer Price Index CPI - including latest news, historical data table, charts and more.

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