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Singapore's Core Inflation Plummets to 0.8% in January

2/25/2025

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Summary

Story summary

In January 2025, Singapore celebrated a significant drop in core inflation to 0.8%, the lowest since June 2021, down from 1.7% in December. Headline inflation also surprised with a decline to 1.2%. The Monetary Authority of Singapore anticipates core inflation will stabilize between 1% and 2% this year, signaling a welcome easing of price pressures.

History

Historical Context

In January 2025, Singapore's core inflation dropped to 0.8%, the lowest since June 2021. This decline mirrors the post-2008 financial crisis period when global economies struggled with deflationary pressures. Historical responses to economic downturns often involved aggressive monetary policies, shaping today's cautious optimism in Singapore's economic outlook.

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Story summary

In January 2025, Singapore celebrated a significant drop in core inflation to 0.8%, the lowest since June 2021, down from 1.7% in December. Headline inflation also surprised with a decline to 1.2%. The Monetary Authority of Singapore anticipates core inflation will stabilize between 1% and 2% this year, signaling a welcome easing of price pressures.

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