Singapore Inflation and Real GDP Growth Rate - A Graphical Presentation

Historical

Historical	Inflation	GDP growth
High	22.3% (1974)	13.7% (1790)
Low	-1.9% (1976)	-3.8% (1964)
Average	2.7%	7.7%

10-year

10-year average for inflation rate: 1.4%
10-year average for GDP growth rate: 5.6%

Forecast for 2009 (by Ministry of Trade and Industry)
Inflation rate: -1.0 to 0.0%
GDP growth: -5.0% to -2.0%

= = = = =

Consumer Price Index

measures the average change in the price of a fixed basket of goods and services consumed by the households over time.

Weightage for Singapore CPI in 2008
(Base year 2004)
23% - Food
22% - Transport and communication
21% - Housing
17% - Recreation & Others
8% - Education & stationery
5% - Healthcare
4% - Clothing & footwear

According to the latest press release (dated 21 January 2009) from Singapore Department of Statistics, the weights for CPI were compiled based on the results of the Household Expenditure Survey (HES) conducted from October 2002 to September 2003 and updated to 2004. It covers the expenditure records of some 5,400 households and includes a total of 5,170 brands and varieties.

The index is compiled on a monthly basis and the full-year CPI is calculated by taking the simple average of the 12 months' indices for the year.

Source: Singapore Department of Statistics
Infation rate data: http://www.singstat.gov.sg/stats/themes/economy/hist/cpi.html
GDP growth rate date: http://www.singstat.gov.sg/stats/themes/economy/hist/gdp1.html

Forecast figures: http://www.singstat.gov.sg/news/news/pregdp4q2008.pdf
CPI weightage: http://www.singstat.gov.sg/news/news/cpidec2008.pdf