Singapore Inflation Rate

Singapore's annual inflation rate stood at 1.2% in December 2025, unchanged from the previous two months and in line with market expectations. Prices were stable for food (1.2%), housing and utilities (0.2%), and information and communications (-2%). Additionally, costs rose slightly for transport (3.6% vs 3.2%) and education (1.2% vs 1.1%). On the other hand, deflation deepened for clothing and footwear (-1% vs -0.5%), while it slipped for household durables and services (-0.3% vs 0%) and ticked down for recreation, sport and culture (0.3% vs 0.5%) and miscellaneous goods and services (0.1% vs 0.2%). On a monthly basis, consumer prices edged up to 0.3% from 0.2% in November 2025. Meanwhile, the annual core inflation rate remained unchanged at 1.2% in December, the same as in the previous two months.

Singapore's annual inflation rate stood at 1.2% in November 2025, unchanged from the previous month but missing market expectations of 1.3%. Prices increased at a softer pace for housing and utilities (0.2% vs 0.3% in October), transport (3.2% vs 3.4%), recreation, sports and culture (0.5% vs 1.1%), and miscellaneous goods and services (0.2% vs 0.3%), while they remained stable for food (1.2%) and education (1.1%). In addition, prices declined for clothing and footwear (-0.5% vs 1.2%). On the other hand, prices accelerated for health (4.4% vs 4%), and deflation softened for information and communication (-2% vs -2.5%). Moreover, costs stalled for household durables and services after a 0.4% fall. On a monthly basis, consumer prices rose 0.2% after stalling in October. Meanwhile, the annual core inflation rate remained unchanged at 1.2% in November, matching market expectations.

Singapore's annual inflation rate climbed to 1.2% in October 2025 from 0.7% in the prior month, marking the highest print since January. Food prices rose the most in six months (1.2% vs 1.1% in September), while further upward pressure came from clothing (1.2% vs –0.1%), housing (0.3% vs 0.2%), health (4.0% vs 1.4%), transport (3.4% vs 3.4%), recreation & culture (1.1% vs –2.2%), education (1.1% vs 1.0%), and miscellaneous items (0.3% vs –0.1%). In contrast, household durables and services saw a deeper drop (–0.4% vs –0.3%). The annual core inflation rate jumped to 1.2% from 0.4% in September, registering the highest figure in 10 months. Monthly, consumer prices were unchanged, after a 0.4% rise in September. In a joint statement, the Monetary Authority of Singapore and the Ministry of Trade and Industry said imported costs are expected to keep falling, though at a slower pace. Meanwhile, administrative factors that have been dampening inflation may taper in the coming quarters.