The Domestic Supply Price Index in Singapore advanced 8.5 percent from a year earlier in October 2022, slowing from an upwardly revised 12.8 percent rise in the previous month. It was the 22nd straight month of increase in domestic supply prices, but the lowest rates since January 2020, as prices of both mineral fuels (4.3% vs 18.6%) and crude materials excluded fuel (12.6 vs 17.2%) rose softer. Additional upward pressures also came from prices of beverages & tobacco (12.0% vs 11.3%), machinery & transport (13.8% vs 12.9%), food & live animals (9.9% vs 10.3%), manufactured goods (3.7% vs 4.1%), miscellaneous manufactured (4.6% vs 4.5%), and chemicals (5.7% vs 7.4%). By contrast, prices of animal & vegetable oils dropped (-0.3% vs 7.4%). source: Statistics Singapore
Producer Prices Change in Singapore averaged 1.20 percent from 1975 until 2022, reaching an all time high of 31.50 percent in May of 2022 and a record low of -22.20 percent in July of 2009. This page provides - Singapore Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Domestic Supply Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Producer Prices Change in Singapore is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Producer Prices Change is projected to trend around 7.00 percent in 2023 and 2.50 percent in 2024, according to our econometric models.