The Domestic Supply Price Index in Singapore increased 18.1 percent from a year earlier in May 2021, accelerating from a downwardly revised 17.8 percent rise in the previous month. This was the third straight month of increase in domestic supply prices and the steepest pace since July 2008, as crude materials excluded fuels prices rose faster (4.0% vs 3.8%), while mineral fuels prices increased further (109.5% vs 125.3%). Also, prices advanced more for manufactured goods (6.7% vs 4.9%), animal & vegetable oils (57.2% vs 45.6%), and chemicals & chemical products (12.2% vs 11.2%). In addition, prices fell less for food & live animals (-0.3% vs -0.9%), machinery & transport equipment (-0.9% vs -2.1%), and miscellaneous manufactured articles (-1.5 vs -1.7%), while those of beverages & tobacco continued to drop (-0.5% vs -0.5%). source: Statistics Singapore
Producer Prices Change in Singapore averaged 0.77 percent from 1975 until 2019, reaching an all time high of 29.27 percent in March of 1980 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 Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Producer Prices Change in Singapore is expected to be 10.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Singapore to stand at 3.50 in 12 months time. In the long-term, the Singapore Producer Prices Change is projected to trend around 2.50 percent in 2022, according to our econometric models.