Consumer Price Developments in October 2025

 Summary

• MAS Core Inflation rose to 1.2% year-on-year (y-o-y) in October, from 0.4% in September.

  • This was due to higher inflation in services, food, and retail & other goods, as well as a milder decline in electricity & gas prices.

  • On a month-on-month (m-o-m) basis, core prices rose by 0.5% in October.
    

• CPI-All Items inflation picked up to 1.2% y-o-y in October, from 0.7% in September.

  • This was because of a larger increase in private transport prices, alongside higher core inflation.

  • On a m-o-m basis, CPI-All Items prices were unchanged in October.

Dowload the full press release here [PDF, 322KB]

MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
24 NOVEMBER 2025