Singapore's money market showed signs of moderation in January, with inflation readings below analysts' initial projections. The overall Consumer Price Index (CPI) registered a year-on-year increase of 1.4%, while the core CPI — which excludes volatile components — stood at 1.0%. Experts had initially forecasted that both indicators would reach approximately 1.5%, reflecting a slowdown in inflationary pressures greater than expected. This divergence from expectations highlights the complex price dynamics Singapore is experiencing, where adjustments in energy and food costs significantly influence the economic outlook of this Asian city-state. The data suggest that the central bank has greater flexibility in its monetary policy decisions within the regional context.