Singapore's Consumer Price Index (CPI) for December 2024 has held steady, according to data updated on January 23, 2025. The CPI, which serves as a key indicator of inflation, remained unchanged at 1.6% when compared to the same month last year. This mirrors the figure reported in November 2024.
The stable CPI suggests consistency in pricing trends, with no additional inflationary pressures discerned during December. This trend comes against the backdrop of broader economic uncertainties that have been characterizing the global economic landscape.
Economists and analysts will likely interpret Singapore's steady CPI with guarded optimism, as it provides some assurance of manageable inflation levels within the nation's economy. Maintaining this stability could be pivotal for Singapore’s financial planning and projections in the coming months.
