According to Jinshi Data, Christopher Wong, an analyst at OCBC Bank, said that despite the weak inflation data, the Monetary Authority of Singapore is unlikely to rush to ease policy. The November CPI data is in line with the Monetary Authority's expectations for inflation trends in the fourth quarter.

Analysts say tariff threats and geopolitical factors could reignite price pressures. Unless there are unexpected shocks, the MAS is usually cautious in easing policy when inflation eases.

Wong added that the MAS should continue to monitor the situation to avoid the risk of erratic policy.