Singapore Inflation for Years 2007 to 2014

Singapore inflation is measured by consumer price index (CPI). The CPI indices for years 2007 to 2014 were:

2007: 93.2
2008: 99.4
2009: 100.0 (base year)
2010: 102.8
2011: 108.2
2012: 113.1
2013: 115.8
2014: 117.0
(Source: DOS Singapore)

Annual Inflation rates

The annual inflation rates for each year from 2007 to 2014 are listed below:

2007: 2.1%
2008: 6.6%
2009: 0.6%
2010: 2.8%
2011: 5.2%
2012: 4.6%
2013: 2.4%
2014: 1.0%

Inflation for 2014 continued to decline from 2013. CPI-All Items inflation was 1.0%. However, the MAS Core Inflation (excludes accommodation and private road transport) was 1.9%. The biggest price increases come from Food (2.9%), Education & Stationery (2.9%), and Healthcare (2.9%).

Forecast for CPI in 2015

Ministry of Trade and Industry together with MAS forecasted that CPI-All Items inflation is projected to come in at 0.5 to 1.5% in 2015 while MAS Core Inflation is between 2.0 to 3.0%.

With concerns of slower global economic growth in 2015 and oil prices keeping low, inflation is predicted to be low for this year.

(On 28 January 2015, MAS released a statement that forecast inflation to be between -0.5% and 0.5% for the year.)

Copyright © 2015, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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