Singapore's overall inflation has continued to slow, coming in at 2.4% for 2024. That's lower than the 4.8% from the year before. Market watchers said the trend might give authorities room to address other economic concerns. Core inflation, which excludes accommodation and private transport, was 2.
Singapore's overall inflation has continued to slow, coming in at 2.4% for 2024. That's lower than the 4.8% from the year before. Market watchers said the trend might give authorities room to address other economic concerns. Core inflation, which excludes accommodation and private transport, was 2.7% for the whole of 2024 — slower than 2023's 4.2%. It also fell to 1.8% on-year in December from November's 1.9%. Food costs rose 2.5% on-year, slower than the 3.7% in December 2023.
4% for 2024. That's lower than the 4.8% from the year before. Market watchers said the trend might give authorities room to address other economic concerns. Core inflation, which excludes accommodation and private transport, was 2.7% for the whole of 2024 — slower than 2023's 4.2%. It also fell to 1.8% on-year in December from November's 1.9%. Food costs rose 2.5% on-year, slower than the 3.7% in December 2023.
Inflation Core Inflation Headline Inflation
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore tops fintech funding in Southeast Asia for 2024 with $995 million Singapore News%
Read more »
Singapore residents’ inflation expectations remained at 3.8% in December 2024 Singapore News%
Read more »
Singapore Prime Office Market Sees Rental Growth Slowdown in Q4 2024The rental growth in Singapore's Prime Grade office market within Raffles Place and Marina Bay slowed down in the final quarter of 2024. Rents averaged S$11.36 per square foot per month, reflecting a significant dip compared to earlier periods in the year. Businesses are choosing to renew leases in existing offices, indicating a cautious outlook amid global uncertainty. Occupancy levels remained resilient, though with a slight dip attributed to the completion of new office towers. Landlords prioritize occupancy with tenants hesitant to commit to large expansions due to inflationary pressures. Some businesses are relocating to newer, higher-quality buildings, often aligning with hybrid work models or right-sizing needs.
Read more »
Singapore's High-End Landed Property Market Cools Down in Second Half of 2024A report by PropNex revealed a significant slowdown in Singapore's high-value landed property market during the second half of 2024, with a 44% decline in transactions priced above $10 million.
Read more »
Singapore in 2024: From New Leadership to Train Chaos and Global Pop StarsA year marked by significant change, Singapore saw the inauguration of its fourth Prime Minister, Lawrence Wong, alongside a surge in international performances, including Taylor Swift and 2NE1. However, the year was not without its challenges, including a major train breakdown that disrupted the lives of millions.
Read more »
PSA Singapore Sets Container Handling Record in 2024PSA Singapore achieves a historic milestone by handling over 40 million TEU containers in 2024.
Read more »