In a significant economic shift, Singapore's Consumer Price Index (CPI) marked an upward movement in May 2025, according to the latest data released on June 23, 2025. This follows a period of deflation, where the CPI previously registered at -0.30% in April 2025.
The recent figure of 0.70% indicates a robust month-over-month increase, highlighting a return to inflationary pressure in Singapore's economy. The change underscores a substantial turnaround from April's negative index, signaling that consumer prices have started to rise again after a period of decline.
This development in Singapore's CPI could have wide-ranging implications for policymakers and economists who have been monitoring the economic gauges closely to assess the health of the economy. As consumer prices gain momentum, it may prompt adjustments in economic policies and strategies to accommodate the evolving financial landscape. The positive CPI growth in May suggests potential shifts in consumer spending patterns and market confidence, which could play a pivotal role in shaping the economic outlook for the forthcoming months.
