my country's price increase continues to slow down, setting a new low in three years. The core inflation rate fell to 0.8% in January, a significant decrease from 1.7% in December last year.

The latest data released by the Singapore Bureau of Statistics on Monday (February 24) showed that on a month-on-month basis, core prices fell by 0.2%.

Core inflation does not include accommodation and private land transportation costs, and is a price indicator that the Monetary Authority of Singapore is mainly concerned about.

Inflation slowed down in all major categories of core inflation indicators in January, including services, food, retail and other commodities, electricity and natural gas.

Overall inflation in January, including accommodation and private transportation costs, also fell to 1.2% from 1.5% in December last year. This is mainly due to the slowdown in accommodation inflation to 1.6% from 2.1% in December last year. However, private transportation has tightened 0.9% from December last year to inflation by 2.8%.

In a joint statement, the Monetary Authority and the Ministry of Trade and Industry predict that the core inflation rate will be between 1.0% and 2.0% in 2025, while the overall inflation is expected to be between 1.5% and 2.5%, due to the expected private transportation inflation There is a rise.