Singapore Inflation Rate Lowest Since 2021

Singapore’s annual inflation rate edged down to 0.5% in August 2025, compared to market expectations and the prior month’s 0.6%. The latest figure marked the lowest inflation rate since January 2021, with prices stable for food (1.1% vs 1.1% in July) and housing and utilities (0.3% vs 0.3%). Additionally, costs ticked down for health (2.3% vs 2.4%), while deflation worsened for household durables and services (-0.9% vs -0.5%), recreation, sport and culture (-3.0% vs -1.2%), and miscellaneous goods and services (-0.8% vs -0.4%). On the other hand, costs increased at a faster pace for transport (2.3% vs 2.1%) and education (0.8% vs 0.7%). Moreover, costs rebounded for clothing and footwear (0.2% vs -2.3%). On a monthly basis, consumer prices rose 0.5% in August, rebounding from a 0.4% fall in the previous month. Meanwhile, the annual core inflation rate eased to 0.3% in August, the lowest since February 2021, compared to market forecasts of 0.4% and July’s 0.5%.