FX.co ★ Singapore Inflation Rate Lowest Since 2021

In August 2025, Singapore's annual inflation rate slightly decreased to 0.5%, contrasting with both market expectations and July's figure of 0.6%. This represents the lowest inflation rate since January 2021. Prices remained steady for food (1.1% unchanged from July) and housing and utilities (0.3% unchanged). There was a slight decrease in health costs (2.3% compared to 2.4% previously), while deflation was more pronounced in household durables and services (-0.9% compared to -0.5%), recreation, sport, and culture (-3.0% compared to -1.2%), as well as miscellaneous goods and services (-0.8% compared to -0.4%). Conversely, transportation costs rose more rapidly (2.3% up from 2.1%), and education costs saw a modest increase (0.8% from 0.7%). Notably, clothing and footwear rebounded from a decline, recording a 0.2% increase compared to a previous fall of -2.3%. On a monthly basis, consumer prices experienced a 0.5% rise in August, recovering from a 0.4% decrease in the prior month. Meanwhile, the annual core inflation rate dropped to 0.3% in August, the lowest since February 2021, slightly below market predictions of 0.4% and down from July's 0.5%.