Buildings in Singapore, on Monday, February 17, 2025.
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Singapore inflation has increased by the lowest foot since February 2021, growing 1.2% year in January, compared to 1.5% changed in December.
This is the first key element of economic data since Singapore presented his budget for 2025 on February 18, which he promised greater support for households and companies fight the costs of life pressure.
During budget speech, Prime Minister Lawrence Wong said: “While inflation is to ease this year, prices remain high. Singaporeans are still adapting to these new price realities. “
The main number of inflation is a wide range of growth by 2.15% expected by the economists surveyed by Reuters.
Basic inflation in the country – which displaces the prices of private transport and accommodation – increased by 0.8% year on yearIN Compared to 1.7% in December, than the expected increase by 1.5%.
In the editionThe Singapore Ministry of Trade and Industry said that the slowdown was caused by “lower inflation in all wide CPI categories”.
The ministry stated that imported inflation in Singapore will remain moderate, adding that “although the escalation of commercial friction may be inflationary for some economies, their impact on the imported prices of Singapore will probably be compensated by disinfectant leds exerted by weaker global demand. “
The character appears as a Singapore in January loosened his monetary policy For the first time since 2020, citing faster than expected inflation and the potential for slowing down growth.
The cash authorities in Singapore said that this year inflation will remain below 2%, “reflecting the return to low and stable price pressure in the economy.”
It is forecasted that the inflation of the header is on average 1.5-2.5% in 2025, compared to 2.4% in 2024. MAS also reduced its forecasts regarding the rate of basic inflation to an average of 1-2% in 2025 .
After issuing the data, Singapore dollar 0.16%was strengthened, trading in 1.3334 against Greenback. Earlier that day it appreciated 1,3307 compared to the American dollar, which means its strongest level since November.