FX.co ★ Singapore Inflation Rate Notches 9-Month High

In October 2025, Singapore experienced an annual inflation rate increase to 1.2%, up from 0.7% in September, reaching its highest point since January. This surge was largely driven by a noticeable acceleration in food prices, which climbed by 1.2%, marking the fastest rise in six months compared to 1.1% in September. Additional upward pressure was observed across various sectors. Clothing and footwear prices grew by 1.2%, reversing from a 0.1% decline in the prior month. Housing and utilities prices edged up to 0.3% from 0.2%, while health expenses rose significantly to 4.0% from 1.4%. The transport sector maintained a 3.4% increase, and recreation, sports, and culture witnessed a notable rebound to 1.1% from a drop of 2.2%. Education costs saw a slight increase to 1.1% from 1.0%, and miscellaneous goods and services ticked up to 0.3% from a 0.1% decline. Conversely, the sector for household durables and services experienced a more considerable decline, falling by 0.4% from 0.3%. The annual core inflation rate sharply rose to 1.2% from September's 0.4%, marking the highest level in ten months. Month-on-month, consumer prices remained stable, in contrast to the 0.4% rise observed in September.