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Consumer Price Index

The Consumer Price Index (CPI) is designed to measure the average price changes of a fixed basket of consumption goods and services commonly purchased by the resident households over time. It measures price movement (i.e., change in prices) but not absolute price level at a point in time. The weighting pattern for the 2019-based CPI was derived from the expenditure values obtained from the Household Expenditure Survey (HES) conducted between October 2017 and September 2018, and updated to 2019 values by taking into account price changes between 2017/18 and 2019.

The CPI is compiled on a monthly basis. The annual CPI is derived by taking a simple average of the 12 months’ indices for the year.

Average Retail Prices of Selected Consumer Items

Retail prices of selected consumer items are obtained from a wide range of retailers and service providers commonly patronised by resident households. 

Prices of items starting from January 2019 are based on the 2019-based CPI basket. While they are indicative of the average transaction price levels in the same base period, they are not a measure of pure price movements across CPI baskets due to changes in the sample of brands/varieties and outlets priced.

Data

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View latest data:

Key Indicators
Item Legend Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Prices and Price Indices            
Consumer Price Index (2019 as Base Year) Jul-23 113.3 4.1 113.6 4.5
Consumer Price Index (2019 as Base Year) 2022 108.4 6.1 102.1 2.3
Domestic Supply Price Index (2018=100) Jul-23 112.7 -8.9 110.8 -14.3
Singapore Manufactured Products Price Index (2018=100) Jul-23 108.0 -7.6 107.8 -9.1
Import Price Index (2018=100) Jul-23 110.5 -7.5 108.7 -13.0
Export Price Index (2018=100) Jul-23 108.9 -12.1 108.0 -15.0
Accounting Services Price Index (2022=100)  Q1/23 101.8 0.1 98.5 -2.6
Accounting And Auditing Price Index (2022=100)  Q1/23 101.5 -0.4 98.3 -3.2
Book-Keeping Price Index (2022=100)  Q1/23 104.1 4.4 100.5 2.7
Cargo Handling Price Index (2021=100)  Q1/23 102.4 2.8 102.8 3.2
Container Depot Services Price Index (2021=100)  Q1/23 100.3 0.2 100.7 0.5
Crane Services Price Index (2021=100)  Q1/23 100.0 0.8 100.0 1.0
Stevedoring Services Price Index (2021=100)  Q1/23 107.6 7.8 108.5 8.6
Computer Consultancy and Information Services Price Index (2021=100)  Q1/23 100.5 -0.4 102.3 1.7
Computer Programming And Consultancy Price Index (2021=100)  Q1/23 100.8 -0.9 103.4 2.4
Information Services And Online Marketplace Price Index (2021=100)  Q1/23 100.0 0.3 100.6 0.5
Freight Forwarding Price Index (2022=100)  Q1/23 87.1 -14.0 93.7 -4.1
Sea Freight Forwarding Price Index (2022=100)  Q1/23 80.9 -21.9 89.7 -7.3
Air Freight Forwarding Price Index (2022=100)  Q1/23 91.1 -8.2 97.6 -1.5
Land Freight Forwarding Price Index (2022=100)  Q1/23 129.3 41.8 107.2 8.2
Sea Freight Transport Price Index (2022=100)  Q1/23 82.0 -15.8 95.3 -6.8
Containerised Freight Transport Price Index (2022=100)  Q1/23 59.8 -47.5 74.4 -30.3
Dry Bulk Freight Transport Price Index (2022=100)  Q1/23 75.6 -21.2 90.1 -14.9
Liquid Bulk And Gas Freight Transport Price Index (2022=100)  Q1/23 122.4 65.2 132.2 50.2
Telecommunication Services Price Index (2021=100)  Q1/23 102.6 3.0 102.6 3.2
Wired And Wireless Services Price Index (2021=100)  Q1/23 99.6 0.0 102.2 2.5
Internet Access Providers And Other Telecommunication Services Price Index (2021=100)  Q1/23 104.6 5.0 102.8 3.6
Warehousing and Storage Price Index (2021=100)  Q1/23 102.9 2.6 101.8 1.6
General And Refrigerated Warehousing Price Index (2021=100)  Q1/23 103.9 3.7 103.1 3.0
Dangerous Goods Storage Price Index (2021=100)  Q1/23 101.6 1.3 100.2 -0.1

Consumer Price Index (CPI)/ Inflation Rate

Title : Consumer Price Index (CPI), 2019 As Base Year, Annual

Index

Data Items

2015
2016
2017
2018
2019
2020
2021
2022

All Items

98.963
98.436
99.004
99.438
100
99.818
102.119
108.37

Food

93.833
95.759
97.104
98.498
100
101.862
103.326
108.813

Food Excl Food Serving Services

94.198
96.366
97.608
98.87
100
102.898
104.546
110.088

Food Serving Services

93.632
95.427
96.828
98.294
100
101.367
102.744
108.204

Clothing & Footwear

98.528
98.744
99.345
100.777
100
96.16
90.845
93.416

Housing & Utilities

109.499
105.034
102.372
101.003
100
99.714
101.1
106.406

Household Durables & Services

95.689
97.419
98.45
99.227
100
100.285
101.766
103.842

Transport

99.62
97.228
99.756
99.235
100
99.27
108.055
125.793

Communication

101.766
101.387
101.951
100.924
100
100.681
100.095
98.896

Recreation & Culture

96.573
97.462
97.781
98.948
100
98.21
99.228
103.484

Education

89.395
92.145
94.924
97.661
100
99.37
100.633
102.747

Miscellaneous Goods & Services

98.284
98.53
98.67
99.635
100
98.823
98.282
98.739

All Items Less Imputed Rentals On Owner-Occupied Accommodation * Accommodation, one of the groups in the Housing & Utilities expenditure division of the CPI, comprises 'rented and owner-occupied accommodation', as well as 'housing maintenance & repairs'. A significant share of the Accommodation group is 'owner-occupied accommodation (OOA)' cost, which is meant to reflect the costs to homeowners of utilising the flow of services provided by their homes over an extended period of time. As the cost of using housing services is not directly observed for homeowners, it is computed based on the imputed rental concept under the rental equivalence method, i.e. proxied by market rentals. Imputed rentals on OOA have no impact on the cash expenditure of owner-occupied households. For 'All Items less imputed rentals on owner-occupied accommodation', actual rentals paid on rented homes are still included in this measure.

95.944
96.202
97.85
99.098
100
99.683
102.128
108.705

All Items Less Accommodation

95.658
95.971
97.742
99.067
100
99.657
102.197
108.992
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Visualising Data

View and explore data with the latest visualisations:

 

Consumer Price Index Infographic

Consumer Price Index Dashboard

Consumer Price Index at Group and Class Levels Dashboard

Consumer Price Index by Household Group Dashboard

Price Changes and the Consumer Price Index

More visualisations are available here.

Producer Price Indices

The Producer Price Indices (PPIs) measure the rate of change in prices of products (i.e., goods & services) produced by establishments. These are measured at basic prices reflecting the amount received by the producers exclusive of any taxes on products and transport and trade margins. PPIs provide measures of average movement of prices received by the producers of various goods and services. It consists of various International Trade and Producer Price Indices for Commodities and Services PPIs.

International Trade Price Indices

The Import & Export Price Indices (IPI & EPI) track the price movements of imported and exported goods. Prices for imported products are valued at ‘CIF’ (Cost, Insurance and Freight) and prices for exported products are valued at ‘FOB’ (Free On Board). The 2018-based series are compiled using the Laspeyres formula, where the price and weight reference periods are aligned to the year 2018.

The weights for the imported and exported products are derived from the import and export statistics in 2018. Monthly prices are collected from selected importers and exporters. 

The indices are compiled on a monthly basis. The annual indices are derived by taking a simple average of the 12 months’ indices for the year.

 

Data

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International Trade Producer Price Indices (EPI and IPI)

Title : Import Price Index, By Commodity Section (1-Digit Level), Base Year 2018 = 100, Annual

Index

Data Items

2015
2016
2017
2018
2019
2020
2021
2022

Import Price Index - Overall Items

95.109
90.063
95.324
100
98.966
92.025
102.721
117.508

Food & Live Animals

102.032
99.503
101.174
100
101.535
102.907
105.425
114.591

Beverages & Tobacco

99.822
99.569
100.221
100
100.394
97.859
106.379
109.27

Crude Materials (Excl Fuels)

105.263
97.839
100.496
100
101.18
101.798
104.743
111.042

Mineral Fuels, Lubricants & Related Materials

74.84
61.546
79.712
100
93.405
65.6
103.951
144.974

Animal & Vegetable Oils Fats & Waxes

101.968
110.607
114.724
100
90.379
103.065
149.557
174.816

Chemicals & Chemical Products

98.016
93.847
96.716
100
98.6
97.447
103.629
110.222

Manufactured Goods

99.228
92.301
96.437
100
99.922
99.77
109.874
118.153

Machinery & Transport Equipment

103.939
102.443
102.152
100
101.283
101.263
99.891
105.336

Miscellaneous Manufactured Articles

100.978
101.761
101.618
100
102.042
105.952
106.397
109.009

Non-Oil Import Price Index

102.435
100.37
100.967
100
100.911
101.263
102.291
107.906
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Visualising Data

View and explore data with the latest visualisations:

Import Price Index Dashboard

Export Price Index Dashboard

Producer Price Indices for Commodities

The Singapore Manufactured Products Price Index (SMPPI) measures the changes in the prices of goods manufactured by local manufacturers, while the Domestic Supply Price Index (DSPI) monitors the price changes of commodities, either locally manufactured or imported from abroad, which are retained for use in the domestic economy. The 2018-based series are compiled using the 'modified Laspeyres' formula, where the weight reference period of 2017 preceded the price reference period of 2018.


The weights for Singapore manufactured products are derived from production data collected in the 2017 Census of Manufacturing Activities. On the other hand, the weights for the Domestic Supply Price Index are made proportionate to the combined value of retained imports and locally manufactured goods sold in the domestic market. The indices are compiled on a monthly basis. The annual indices are derived by taking a simple average of the 12 months’ indices for the year.

Data

Please click on the topic to view the available data tables.

Producer Price Indices (DSPI, SMPPI and SPPI)

Title : Domestic Supply Price Index, By Commodity Section (1-Digit Level), Base Year 2018 = 100, Annual

Index

Data Items

2015
2016
2017
2018
2019
2020
2021
2022

Domestic Supply Price Index - Overall Items

94.337
87.792
93.977
100
96.747
88.363
101.816
120.797

Food & Live Animals

101.153
99.157
101.02
100
101.31
103.576
105.801
114.514

Beverages & Tobacco

100.984
100.565
98.904
100
102.056
104.061
104.63
114.615

Crude Materials (Excl Fuels)

109.414
99.692
98.773
100
98.355
97.248
105.166
117.368

Mineral Fuels, Lubricants & Related Materials

75.235
61.574
79.678
100
92.951
64.374
102.476
144.275

Animal & Vegetable Oils Fats & Waxes

106.016
111.465
114.142
100
90.878
103.552
150.048
176.709

Chemicals & Chemical Products

94.584
90.38
95.506
100
94.146
87.71
96.012
104.799

Manufactured Goods

99.133
93.216
96.793
100
101.497
102.209
111.671
120.084

Machinery & Transport Equipment

106.962
103.163
102.167
100
98.21
98.03
100.378
112.11

Miscellaneous Manufactured Articles

100.231
100.708
101.313
100
101.032
103.994
104.878
109.125

Non-Oil Domestic Supply Price Index

102.654
99.207
100.202
100
98.215
97.636
101.561
111.721
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Visualising Data

View and explore data with the latest visualisations:

Singapore Manufactured Products Price Index Dashboard 

Domestic Supply Price Index Dashboard 

More visualisations are available here.

Producer Price Indices for Services

The Services Producer Price Indices (SPPIs) measure changes in the average prices of services produced by establishments, for selected industries of the Singapore economy. The prices captured reflect the amount received by a producer, exclusive of any taxes. The SPPIs are aligned to the Singapore Standard Industrial Classification. They are calculated using the modified Laspeyres price index formula with fixed base weights, where the weights reference period precedes the price reference period.

The following SPPIs are compiled on a quarterly basis:

  • Sea Freight Transport Price Index (SFTPI)
  • Warehousing and Storage Price Index (WSPI)
  • Cargo Handling Price Index (CHPI)
  • Freight Forwarding Price Index (FFPI)
  • Telecommunication Services Price Index (TSPI)
  • Computer Consultancy and Information Services Price Index (CISPI)
  • Accounting Services Price Index (ASPI)

The indices are compiled on a quarterly basis. The annual indices are derived by taking a simple average of the 4 quarters’ indices for the year.

Data

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Services Producer Price Indices

Title : Services Producer Price Indices, By Index, Quarterly

Index

Data Items

2021 3Q
2021 4Q
2022 1Q
2022 2Q
2022 3Q
2022 4Q
2023 1Q

Accounting Services Price Index

101.7
101.1
101.7
101.2
98.6
98.5
101.8

Accounting And Auditing Price Index

102.4
101.5
101.9
101.4
98.4
98.3
101.5

Book-Keeping Price Index

96.3
97.9
99.7
99.7
100.2
100.5
104.1

Cargo Handling Price Index

99.6
99.6
99.6
100.8
101.8
102.8
102.4

Container Depot Services Price Index

100.2
100.2
100.2
100.2
100.4
100.7
100.3

Crane Services Price Index

99
99
99.1
99.7
100
100
100

Stevedoring Services Price Index

100
99.9
99.8
102.8
105.6
108.5
107.6
SOURCE : SINGAPORE DEPARTMENT OF STATISTICS

Other Price Indices

The Building and Construction Authority (BCA) compiles data on construction material market prices using the average market prices of construction materials for the respective years.

 

The Housing and Development Board (HDB) compiles the Price Index of HDB Resale Flats, while the Urban Redevelopment Authority (URA) compiles the Private Residential Property Price Index and Commercial Property Price and Rental Indices. Since the fourth quarter of 2013, the Industrial Property Price Index, previously released by URA, has been compiled by the JTC Corporation.

Data

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Definitions

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Other References

Consumer Price Index
Rebasing of The Consumer Price Index (CPI) (2019 as Base Year) View
Producer Price Indices and International Trade Price Indices
Rebasing of Singapore Manufactured Products and Domestic Supply Price Indices (Base Year 2018 = 100) View
Rebasing of the Import and Export Price Indices (Base Year 2018=100) View
Services Producer Price Indices
Services Producer Price Indices View

External Sources

Construction Material Market Prices
Building and Construction Authority View
Price Index of HDB Resale Flats
Housing and Development Board View
Private Residential Property Price Index and Commercial Property Price and Rental Indices
Urban Redevelopment Authority View
Industrial Property Price Index
JTC Corporation View