Singapore: Inflation stable in January
Consumer prices increased 0.03% in January over the previous month, moderating from the 0.46% increase logged in December. January’s result marked the weakest reading since July 2021.
Inflation came in at 4.0% in January, matching the figure from December which had marked the highest inflation rate since February 2013. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.6% in January (December: 2.3%). Finally, core inflation fell to 4.1% in January, from the previous month’s 4.2%.