In May 2025, Singapore's Consumer Price Index (CPI) saw a slight year-over-year decrease, halting at 0.8%, according to the latest update from June 23, 2025. This marks a minor decline from April's CPI, which settled at 0.9%.
The CPI measures the average change over time in the prices paid by urban consumers for a basket of consumer goods and services, serving as a crucial indicator of inflation. This decrease suggests a subtle ease in inflationary pressures compared to the same month last year, offering some respite to consumers possibly feeling the squeeze of rising costs in previous months.
This year-over-year comparison provides valuable insights into the country's economic landscape, highlighting shifts in consumer prices and potential impacts on spending habits within the urban economic framework of Singapore. As the economy navigates these fluctuations, stakeholders will closely watch upcoming CPI releases for trends and patterns that could influence financial decision-making and policy formulation.
