By Singapore’s inflation rate has slowed to its lowest level since February 2021, reaching 2.1% year-on-year in January 2025. The Monetary Authority of Singapore (MAS) credits this achievement to proactive government measures aimed at curbing rising food and housing prices. A stronger Singapore dollar, supported by MAS policies, has also played a key role in reducing import costs.
The government’s efforts to stabilize the economy have included subsidies for essential goods, increased housing supply, and targeted support for low-income households. These measures have helped ease the financial burden on citizens while fostering a more stable economic environment.
Prime Minister Lee Hsien Loong praised the collaborative efforts of various government agencies. “Our policies are designed to ensure affordability and stability for all Singaporeans. While we are encouraged by the slowdown in inflation, we will remain vigilant,” he said.