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flag Singapore's inflation rose to 1.2% in October 2025, above forecasts, due to higher services, food, and car prices, but the central bank held rates steady.

flag Singapore's core and headline inflation both rose to 1.2% year-on-year in October 2025, exceeding forecasts, driven by higher services, food, and retail prices, along with increased car costs. flag Services inflation jumped to 1.8%, fueled by health insurance, healthcare, and holiday expenses. flag Despite the uptick, the central bank maintained its monetary policy unchanged and kept its 2025 inflation forecasts intact, projecting core inflation at 0.5% and headline inflation between 0.5% and 1.5%.

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