Singapore’s inflation crashed to 5-year low in January

CPI-All Items Inflation registered at -0.4% last month.

Singapore’s consumer price index-all items inflation crashed to its lowest level since Devember 2009 in January, after registering at -0.4% compared to -0.1% in December.

According to the Ministry of Trade and Industry, the decline was mainly on account of sharper price declines in direct oil-related items as well as lower food and services inflation.

Prices of direct oil-related items were 13.6% lower in January, after falling by 7.4% in the preceding month, as petrol pump prices and electricity tariffs were cut further following the correction in global oil prices.

Food inflation moderated to 2.2% from 2.7% in December 2014, as a result of the high base in January 2014 when food prices rose significantly during the Chinese New Year festive period.

Overall services inflation slowed to 1.2% from 1.7% in December, reflecting the impact of enhanced subsidies for medication in polyclinics and Specialist Outpatient Clinics. Meanwhile, domestic services and refuse collection services saw a pick-up in price increases.

Accommodation cost was 1.9% lower, extending the 1.7% decline in the previous month, given the soft housing rental market.

Private road transport cost fell by 5.0%, compared to the 5.3% drop in December 2014, owing to a smaller correction in car prices.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia