singapore consumer price index forecast

The data is based loosely on the Classification of Individual Consumption According to Purpose (COICOP). In Singapore, subdued economic sentiment and weak labour market conditions will dampen consumer demand. It measures price movement (i.e., change in prices) but not absolute price level at a point in time. Full and unlimited access to CEIC data for multiple users. Consumer price index (2010 = 100) - Singapore. This page provides the latest reported value for - Singapore Consumer Price Index â¦ In 2011, the CPI rose significantly amidst the upsurge in food and energy prices in the international markets and the continued increases in private housing rents. The Consumer Price Index for Singapore is 100.44 for the month of January 2021.The inflation rate year over year is 0.236% (compared to 0.000% for the previous month).Inflation from December 2020 to January 2021 was -0.029%. Suitable for enterprise usage. It excludes non-consumption expenditures such as loan repayments, income taxes, purchases of houses, shares, and other financial assets etc. Currencies (Forex) Inflation measured by consumer price index (CPI) is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households. For longer periods, the CPI is derived by averaging the monthly indices. The data series on CPI and its major components are seasonally-adjusted using the X-12 procedure. Join your colleagues in participating in this © 2021 Moody’s Analytics, Inc. and/or its affiliates and licensors. In 2022, our panel expects average inflation of 1.2%. 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. Historical data on core CPI in Singapore. It is widely used as a measure of the consumer price inflation. These cookies are used to collect information about how you interact with our website and allow us to remember you. Includes Forecast: Consumer Price Index Growth on 189 economies standardised by CEIC. Year jan feb mar apr may jun jul aug sep oct nov dec Annual; 2020: 100.204: 100.279: 99.933: 99.012 Includes 276 key indicators for Singapore, curated by CEIC analysts. A total of 6,600 brands/varieties are included in the 2019-based CPI basket and they are classified into ten main divisions based largely on the Classification of Individual Consumption According to Purpose (COICOP). The consumer price index - â¦ FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2021, which is unchanged from the previous monthâs forecast. 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. It is widely used as a measure of consumer price inflation. To measure the year-on-year change, the CPI for the specific month is compared with that for the same month of preceding year. Core inflation fell to â¦ The total number of outlets selected for pricing is about 4,200. This measures the change in average prices between the two months and serves as a useful short-term indicator of price movement. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to â¦ 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. Singapore Consumer Price Index Growth is forecasted to be 0.339 % in Dec 2021 as reported by International Monetary Fund. The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Consumer Price Index: Average Consumer Price: YoY. Singapore Consumer Price Index Growth is forecasted to be 0.339 % in Dec 2021 as reported by International Monetary Fund. Your browser is not up-to-date. It records an increase from the last reported number of â¦ and Consumer Credit Risk Solutions from Likewise, the annual inflation rate for a specific year is computed by comparing the average for the 12 monthly indices with that of the previous year. The Consumer Price Index (CPI) measures the average price changes over time of a fixed basket of consumption goods and services commonly purchased by the resident households. "Not only has inflation returned to the positive, the latest headline consumer price index (CPI) inflation for January rose to 0.6% on-year, up from 0.2% previously. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. All rights reserved, Unlimited access tailored to your data needs, Singapore Forecast: Consumer Price Index Growth. All rights reserved. A slump in economic growth and oil prices, as well as a low consumer price index were most likely responsible for inflation taking a hit in those years. Singapore Inflation Rate was 0.2 % in 2021. A single cookie will be used in your browser to remember your preference not to be tracked. The inflation rate in Germany, measured as the year-on-year change in the consumer price index, is expected to be +1.3% in February 2021. the company visit moodysanalytics.com. If you decline, your information won’t be tracked when you visit this website. The weighting pattern for the 2019-based CPI was derived from the expenditure values collected in the Household Expenditure Survey (HES). This page provides forecast and historical data, charts, statistics, news and updates for Singapore Consumer Price Index (CPI). Singapore Consumer Price Index (YoY) came in at 0.2, above forecasts (-0.1) in January. exclusive survey of global business confidence. SINGAPORE: Consumer prices in Singapore declined in November, as authorities forecast a "mildly positive" turn in 2021. For example, the yearly CPI is derived by taking a simple average of the 12 months’ indices for the year. Read more at The Business Times. 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 record low of 24.05 points in May of 1961. Consumer Price Index (CPI), Monthly, (SA) The weighting pattern of the Consumer Price Index (CPI) was derived from the expenditure values collected from the 2012/13 Household Expenditure Survey (HES) and updated to 2014 values by taking into account price changes between 2012/13 and 2014. DBS revised its forecast for Singaporeâs inflation to 1.2% from 0.9% previously, taking into account the upside risk to inflation in the coming months. The CPI is designed to measure the average price changes of a fixed basket of consumption goods and services commonly purchased by resident households over time. Consumer Price Index of Singapore-SA. It records an increase from the last reported number of -0.407 % in Dec 2020. Inflation is measured in terms of the annual growth rate and in index, 2015 base year with a breakdown for food, energy and total excluding food and energy. 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. The year-on-year rate of change in the Consumer Price Index (CPI) is frequently quoted as the indicator of inflation. For all solutions offered by Instant access to full history data in excel. Data cited at: Consumer price indexes, The International Monetary Fund Consumer price indexes (CPIs) are index numbers that measure changes in the prices of goods and services purchased or otherwise acquired by households, which households use directly, or indirectly, to satisfy their own needs and wants. Non-residential - Commercial & Retail - Vacancy, Nominal Fixed Investment (gross fixed capital formation), Real Fixed Investment (gross fixed capital formation), Rebasing of the Consumer Price Index (2019 as Base Year), Measurement: Fixed-base index relative to 2019 (Index 2019=100), 2009=100, 2008 (extended to 1961) to 2014. Singapore. The CPI is compiled on a monthly basis. Instant access to full history data in excel. Consumer Price Index CPI in Singapore decreased to 100.20 points in January from 100.50 points in December of 2020. [SINGAPORE] Singapore's consumer price index (CPI) probably fell in January from a year earlier for the third straight month, due to lower oil prices and transportation costs, a Reuters poll showed. For Singapore, the monthly 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. This page provides - Singapore Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. International Monetary Fund, International Financial Statistics and data files. 1980 - 2025 | Yearly | % | International Monetary Fund. The CPI covers only consumption expenditure incurred by resident households. © 2021 CEIC Data, an ISI Emerging Markets Group Company. Singapore's inflation eased last month, against expectations, due to the slower pace of price increases across several major categories of consumer spending. The latest comprehensive information for - Singapore Consumer Price Index CPI - including latest news, historical data table, charts and more. Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (SGD bn), Govt Finance: Cash Surplus / Deficit (SGD mn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Foreign Portfolio Investment: % of GDP (%), Net International Investment Position (USD mn), Forecast: Current Account Balance (USD bn), BoP: CA: Primary Income Balance: Payment (SGD mn), BoP: CA: Secondary Income Balance (SGD mn), BoP: FA: Direct Investment: Liabilities (SGD mn), BoP: FA: Financial Derivatives: Liabilities (SGD mn), BoP: Current Account (CA) Balance (SGD mn), BoP: CA: Primary Income Balance: Receipts (SGD mn), BoP: FA: Direct Investment: Assets (SGD mn), BoP: FA: Portfolio Inv: Liabilities (SGD mn), BoP: Financial Account (FA): Net (SGD mn), BoP: FA: Financial Derivatives: Assets (SGD mn), BoP: Official Reserves (OR): Net (SGD mn), BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn), BoP: FA: PI: Liabilities: Debt Securities (SGD mn), International Investment Position (IIP) (SGD mn), External Debt: Gross: OL: DTC: Short Term (SGD mn), External Debt: Gross: OL: DTC: Long Term (SGD mn), External Debt: Gross: OL: OS: Short Term (SGD mn), External Debt: Gross: OL: OS: Long Term (SGD mn), Foreign Direct Investment (FDI): Total (SGD mn), FDI: By Industry: Financial & Insurance Services (SGD mn), FDI: By Industry: Professinal, Administrative & Support Services (SGD mn), FDI: By Industry: Wholesale & Retail Trade (SGD mn), Business Entities (BE): Formation: Total (Number), SG: BOP: Current Account: Personal Remittances: Received (USD mn), Foreign Exchange Reserves: Months of Import (NA), Credit to Private Non-Financial Sector (USD bn), ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn), DBU: Loans & Advances: Total, Including Bills Financing (SGD mn), DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn), DBU: Loans & Advances: Consumer Loans (CL) (SGD mn), DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn), DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn), Business Confidence: Net Balance (% Point), Composite Leading Index: 2015=100 (2015=100), Consumer and Producer Price Index: Quarterly, Consumer Price Index: 2004=100: Seasonally Adjusted, Consumer Price Index: 2009=100: Seasonally Adjusted, Consumer Price Index: 2009=100: Weights: Annual, Consumer Price Index: 2014=100: Seasonally Adjusted, Consumer Price Index: 2014=100: Weights: Annual, Consumer Price Index: By Income Levels: Nov 97-Oct 98=100, Manufactured Producer Price Index: 2000=100, Manufactured Producer Price Index: 2012=100, Consumer and Producer Price Index: Annual, Consumer Price Index: By Income Levels: 2009=100, Manufactured Producer Price Index: 2006=100. To compute month-on-month change, the difference between the CPI for the specific month and that for the preceding month expressed in percentage term is used. The statistic displays the Consumer Price Index (CPI) for transportation in Singapore from 1990 to 2019. Economic Data, Research, Advisory, Forecasting Looking ahead, Singapore Consumer Price Index Growth is projected to stand at 1.459 % in Dec 2025. Download limits apply. About Singapore CPI All Items YoY Consumer prices (CPI) are a measure of prices paid by consumers for a market basket of consumer goods and services. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Cookies Policy. Payable monthly by credit card. Consumer prices in Singapore fell more than forecast in May, extending a record slump that was triggered by falling oil and house prices. 1 week Singapore Consumer Price Index (YoY) came in at 0.2, above forecasts (-0.1) in January FXStreet . Consumer Price Index (CPI) data for Singapore. Consumer Price Index (CPI) for Singapore from Singapore Department of Statistics (DOS) for the Consumer Price Index release. BJP leader and Rajya Sabha MP Subramanian Swamy said that India's Q3 GDP growth would have been -10 per cent using Laspeyres Price Index Number and -15 per cent using Paasche Index, provided ... Singapore: Inflation forecast to pick up pace in 2021 â UOB This website stores cookies on your computer. Consumer price index (2010 = 100) International Monetary Fund, International Financial Statistics and data files. Statistics on Consumer Price Index (CPI), food inflation and Harmonised Consumer Prices. In 2019, consumer price index for Singapore was 114.4 index. Lastly, core consumer prices fell 0.2% on an annual basis in January, which was a more moderate fall than December's 0.3% decrease. Consumer price index of Singapore increased from 30.7 index in 1970 to 114.4 index in 2019 growing at an average annual rate of 2.80%. Entry level access to the CEIC platform for individual users. Consumer Price Index (CPI) in Singapore, January 1961 - January 2021: For that indicator, we provide data for Singapore from January 1961 to January 2021.The average value for Singapore during that period was 62.12 index points with a minimum of 24.05 index points in May 1961 and a maximum of 100.65 index points in December 2020. Singapore Consumer Price Index, Jan 2021. Singapore Consumer Price Index (YoY) came in at 0.2, above forecasts (-0.1) in January This will cap price increases for discretionary goods and â¦ The headline consumer price index in July rose 0.4% year-on-year, matching Januaryâs figures, the lowest so far in 2019. Moody’s Analytics. There is no data available for your selected dates. Available via annual subscription to one or more of CEIC’s global and premium databases. For optimum experience we recommend to update your browser to the latest version. It is commonly used as a measure of consumer price inflation.