Singapore Inflation Rate

Singapore's annual inflation rate climbed to 1.2% in October 2025 from 0.7% in the prior month, marking the highest print since January. Food prices rose the most in six months (1.2% vs 1.1% in September), while further upward pressure came from clothing (1.2% vs –0.1%), housing (0.3% vs 0.2%), health (4.0% vs 1.4%), transport (3.4% vs 3.4%), recreation & culture (1.1% vs –2.2%), education (1.1% vs 1.0%), and miscellaneous items (0.3% vs –0.1%). In contrast, household durables and services saw a deeper drop (–0.4% vs –0.3%). The annual core inflation rate jumped to 1.2% from 0.4% in September, registering the highest figure in 10 months. Monthly, consumer prices were unchanged, after a 0.4% rise in September. In a joint statement, the Monetary Authority of Singapore and the Ministry of Trade and Industry said imported costs are expected to keep falling, though at a slower pace. Meanwhile, administrative factors that have been dampening inflation may taper in the coming quarters.