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Singapore's overall inflation slows to 2.4% in 2024, down from 4.8% the year before

01:36 Min

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.

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.

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