FX.co ★ Singapore Inflation Rate Steady in June

In June 2025, Singapore's annual inflation rate maintained a steady position at 0.8%, consistent with the previous month yet slightly below the anticipated market forecast of a 0.9% increase. This rate represented the lowest level since February 2021. Notable declines were observed in the prices of food, slightly decreasing to 1.0% from 1.1% in May, and in housing and utilities, which fell to 0.9% from 1.0%. Education costs remained flat at 0.5%. Conversely, deflation deepened for household durables and services, dropping to -0.4% from -0.2%, and for information and communication, which declined further to -2.4% from -1.9%. The recreation, sport, and culture sector also saw a more pronounced deflation of -2.6%, compared to -2.0% previously. In contrast, transport and health costs experienced slight increases, with transport rising to 2.0% from 1.7% and health edging up to 2.8% from 2.7%. Clothing and footwear costs rebounded sharply, climbing to 2.2% from a decline of -3.3%. On a month-over-month basis, the Consumer Price Index (CPI) decreased by 0.1% in June 2025, reversing a 0.7% increase observed in the prior month. Additionally, the annual core inflation rate remained steady at 0.6% in June, aligning with the previous month but falling short of market expectations of a 0.7% increase.