1. Press releases
Consumer Price Developments in January 2025
24 February 2025
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Summary
MAS Core Inflation fell to 0.8% on a year-on-year (y-o-y) basis in January, from 1.7% in December.
This was driven by lower inflation across all broad core CPI categories.
On a month-on-month (m-o-m) basis, core CPI declined by0.2%.
CPI-All Items inflation eased to 1.2% y-o-y in January, from 1.5% in December.
This reflected a moderation in accommodation inflation, in addition to the fall in core inflation.
On a m-o-m basis, CPI-All Items declined by 0.7%.
Download the full press release [PDF, 345 KB].
MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
24 FEBRUARY 2025