Singapore July Inflation Eases to Cooleer-That-Expected 0.6%-Lowest Since Jan. 2021

Singapore’s inflation cooled to a lower-tha-expected 0.6% in July, as the City-STATE BRECED for Slower Growth Later This Year.

This was lower than the 0.7% expected by economists pollled by reates, and was also below the 0.8% Seen in June.

Core Inflation – which strips out pricels of private transport and accommodation – Dipped to 0.5%, Lower Than the 0.6% Forecast by the Reuters Poll.

The Monetary Authority of Singapore Said a Fall in Retail and Other Goods Pris Led to Cooler Inflation, as well as Lower Electricity and Gas Inflation.

PRICES OF Electricity and Gas Fell 5.6% Year Over Year, The largest decline in the cpi basket, while prices of private transport rose 2.1% from the same period a year ago Deue to Higher.

The tentral bank said that inflation should remote “Moderate” in the Near Ter, Citing an Easing in Global Crude Oil Pries, While Food Commodity Price Hikes Should also Stayed Als Contained.

Domestically, Slower Nominal Wage Growth and Productivity Increases “Should Contribute to a Moderation in Unit Labor Costs,” The Mas Said.

The mas, in its annual report last month, projected that core inflation would average between 0.5% and 1.5% for 2025, Down from 2.8% in 2024.

“In the Near Term, Imported Goods Inflation Facing Singapore Should Be Modest Against The Backdrop of Slowing Global Demand.”

The Central Bank has alredy Eased Singapore’s Monetary Policy Twice This year, in January and April, to copy with Weaker Growth. It warned that the “downshift” in the global trade environment and rising trade tensions have put the singapore economy on a path of weaker growth and slower inflation.

On July 30, the mas forecasted that Singapore’s Economic Growth must be in the second half of the year, despite strong gdp in the first six months.

Trade-Dependent Singapore has also decided a baseline 10% “reciprocal” tariff on its own expenses to the us from the trump administration, despite running a trade definition with the us and having a freight Since 2004.

Singapore did not receive a “tariff letter” and has yet to come to a deal with the trump Administration.