Singapore July inflation eases to cooler-than-expected 0.6% — lowest since Jan. 2021
On Tuesday, July 8, 2025, the Merlion statue in Singapore’s Central Business Zone.
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Singapore’s inflation was cooled to a level lower than 0.6% in July, as the city state was prepared for slower growth later on this year.
This was lower than 0.7% expected by the economists who participated in the survey by Reuters and was also below 0.8% in June.
Eliminating special transportation and accommodation prices, core inflation fell to 0.5%, which is less than 0.6% estimation by the Reuters survey.
Singapore money authority, reading the prices of retail and other goods as well as the decrease in the decrease in the lower electrical and gas inflation, he said.
Central Bank, inflation should remain “moderate” in the near term and food commodity price increases should also be said, global crude oil prices should refer to relief, he said.
Domestic, slowly nominal wage increase and productivity increases “Unit labor costs should contribute to an inspection,” he said.
In the last year’s annual report, MAS predicted that core inflation would be between 2.8% and 0.5% from 1.5% in 2024 for 2025.
“In the near term, the inflation of the imported property faced by Singapore should be modest against the ground of slowing global demand.”
The Central Bank has already facilitated Singapore’s monetary policy to deal with weak growth twice this year in January and April. He warned that the Singapore economy in the global trade environment and increasing trade tensions has put the Singapore economy on a weak growth and slower inflation path.
On July 30, Mas predicted that Singapore’s economic growth would be moderate in the second half of the year despite the powerful GDP in the first six months.
Singapore, affiliated to the trade, has faced a 10% “mutual” tariff in exports from the Trump administration to the United States, although it has been conducting a trade deficit with the US and a free trade agreement since 2004.
Singapore did not receive a “tariff letter” and has not yet made an agreement with the Trump administration.
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