Back 23 Apr 2025

Singapore core inflation drops to 4-year low of 0.5% in March; analysts see more downward pressure ​  

Summary: Singapore’s core inflation dropped to 0.5% in March, the lowest since March 2021, driven by weaker global demand and US tariffs. Overall inflation remained unchanged at 0.9% due to higher private transport costs. Analysts anticipate continued downward pressure on consumer prices, with risks tilted towards the downside due to external uncertainties.

Link: https://www.straitstimes.com/business/economy/singapore-core-inflation-eases-again-to-0-5-in-march