Singapore inflation hits four-year low, below average MAS forecast for 2025

Singapore’s consumer price index grew 0.9% year on year in February, the slowest in four years, with core inflation at 0.6%, lower than expected. The Monetary Authority of Singapore has loosened its monetary policy due to declining inflation, forecasting headline inflation to average 1.5%–2.5% and core inflation at 1%–2% in 2025, while GDP growth is expected to be 1%-3%, down from 4.4% in 2024.

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