Singapore's Core Consumer Price Index (CPI) experienced a dramatic decline in January 2025, plunging to 0.80% from 1.80% in December 2024. The latest data, updated on February 24, 2025, reveals the sharp downturn in inflationary pressures, as measured year-over-year, compared to the previous month.
The decrease in Core CPI, which excludes the more volatile elements such as food and energy prices, suggests a cooling of underlying inflation in the Singaporean economy. This recent figure indicates a significant change when juxtaposed with the December value, hinting at possible economic adjustments or shifts in consumer spending behaviors during this period.
Economists and policymakers will be closely monitoring this development, as it may impact monetary policy decisions and economic forecasts for Singapore. The substantial drop in Core CPI could influence broader economic strategies, aiming to stabilize inflation while supporting sustainable growth.
