Singapore Inflation Rate

Singapore's annual inflation rate stood at 0.9% in March 2025, unchanged from the previous month but slightly below market expectations of 1%. The figure remained at its lowest level since February 2021, as prices edged higher for food (1.3% vs 1% in February) and transport (1.9% vs 1.8%). Moreover, prices were stable for health (1.8%) and education (0.4%), while costs stalled for clothing and footwear (0% vs -0.9%). In addition, deflation slightly eased for both recreation, sport and culture (-0.9% vs -1.1%) and miscellaneous goods and services (-0.4% vs -0.5%). On the other hand, prices ticked down for housing and utilities (1.2% vs 1.4%), while deflation worsened for infortation and communication (-1.1% vs -0.9%) and household durables and services (-0.5% vs -0.3%). On a monthly basis, consumer prices fell 0.1% in March 2025, reversing a 0.8% rise in the previous month. Meantime, the annual core inflation rate edged lower to a four-year low of 0.5% from 0.6% in February 2025.