The Domestic Supply Price Index in Singapore surged 9.6 percent from a year earlier in March 2021, rebounding sharply from a 0.7 percent fall in the previous month. This was the first time increase in domestic supply prices in 14 months and the most since October 2018, as both mineral fuels (62.1% vs 5.2% in February) and crude materials excluded fuels prices (2.0% vs 1.1%) advanced faster. Also, prices increased more for both manufactured goods (3.3% vs 2.6%) and animal & vegetable oils (36.0% vs 26.3%), while those of chemicals & chemical products recovered sharply (2.9% vs -2.6%). Meantime, prices rose further for food & live animals (0.5% vs 1.7%). By contrast, prices fell for machinery & transport equipment (-4.8% vs -4.6%), beverages & tobacco (-0.1% vs 0.1%) and miscellaneous manufactured articles (-1.2% vs 0.8%). 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 May of 2021.
Producer Prices Change in Singapore is expected to be 9.80 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.