The Domestic Supply Price Index in Singapore decreased 11.4% year-on-year in April 2023, edging lower from an 11.3% drop in the previous month. It marked the fourth consecutive month of decline and was the largest since May 2020, as prices continued to fall for mineral fuels (-28.5% vs -29.4% in March), animal, vegetable oils, fats & waxes (-23.5% vs -21%), chemicals & chemical products (-6.3% vs -6%) and manufactured goods (-4% vs -3.1%). Moreover, costs slowed for food & live animals (2.7% vs 4%), beverages & tobacco (3.8% vs 6%), crude materials (5.4% vs 6.6%) and machinery & transport equipment (0.1% vs 0.4%). On a monthly basis, the domestic supply prices advanced 1.6%, accelerating from a 0.5% rise in March. source: Statistics Singapore

Producer Prices Change in Singapore averaged 1.16 percent from 1975 until 2023, 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 June of 2023.

Producer Prices Change in Singapore is expected to be -4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Domestic Supply Prices YoY is projected to trend around 1.90 percent in 2024 and 2.40 percent in 2025, according to our econometric models.

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Singapore Domestic Supply Prices YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 05:00 AM Mar -11.3% -4.7% -5.5%
2023-05-29 05:00 AM Apr -11.4% -11.3% -12.0%
2023-06-29 05:00 AM May -11.4%


Related Last Previous Unit Reference
Inflation Rate 5.70 5.50 percent Apr 2023
Inflation Rate MoM 0.10 0.50 percent Apr 2023
Consumer Price Index CPI 112.70 112.60 points Apr 2023
Core Consumer Prices 114.02 113.23 points Apr 2023
GDP Deflator 121.85 121.45 points Mar 2023
Producer Prices 112.75 110.96 points Apr 2023
Export Prices 108.80 108.10 points Apr 2023
Import Prices 110.70 109.38 points Apr 2023
Food Inflation 7.10 7.70 percent Apr 2023
Producer Prices Change -11.40 -11.30 percent Apr 2023
CPI Transportation 133.90 131.76 points Apr 2023
CPI Housing Utilities 108.10 110.47 points Apr 2023

Singapore Domestic Supply Prices YoY
In Singapore, Domestic Supply Price Index measures the change in prices of imported and locally manufactured product retained for use in the economy.
Actual Previous Highest Lowest Dates Unit Frequency
-11.40 -11.30 31.50 -22.20 1975 - 2023 percent Monthly
2012 = 100, NSA

News Stream
Singapore Producer Prices Fall to Near 3-Year Low
The Domestic Supply Price Index in Singapore decreased 11.4% year-on-year in April 2023, edging lower from an 11.3% drop in the previous month. It marked the fourth consecutive month of decline and was the largest since May 2020, as prices continued to fall for mineral fuels (-28.5% vs -29.4% in March), animal, vegetable oils, fats & waxes (-23.5% vs -21%), chemicals & chemical products (-6.3% vs -6%) and manufactured goods (-4% vs -3.1%). Moreover, costs slowed for food & live animals (2.7% vs 4%), beverages & tobacco (3.8% vs 6%), crude materials (5.4% vs 6.6%) and machinery & transport equipment (0.1% vs 0.4%). On a monthly basis, the domestic supply prices advanced 1.6%, accelerating from a 0.5% rise in March.
2023-05-29
Singapore Producer Prices Drop the Most in Almost 3 Years
The Domestic Supply Price Index in Singapore dropped 11.3% year-on-year in March 2023, the third straight month of decline, and following a 4.7% fall in the previous month. It was the largest drop since May 2020, as prices further fell for mineral fuels (-29.4% vs -14.4%), animal, vegetable oils, fats & waxes (-21% vs -15.4%), chemical & chemical products (-6.3% vs -2.3%), manufactured goods (-3.3% vs -1.5%). At the same time, costs slowed for food & live animals (4.03% vs 5.3%). Meanwhile, prices increased for crude materials (7.7% vs 7.5%). On a monthly basis, the domestic supply prices rose 0.5% in March, edging up from an upwardly revised 0.4% increase in the previous month.
2023-04-28
Singapore Producer Prices Fall for 2nd Month
The Domestic Supply Price Index in Singapore shrank 4.7% year-on-year in February 2023, the second straight month of decline, and following a downwardly revised 1.5 percent fall in the previous month. It was the largest drop since December 2020, as prices continued to decline for mineral fuels (-14.4% vs -6.5% in January), animal, vegetable oils, fats & waxes (-15% vs -9.7%), chemicals & chemical products (-2.1% vs -1.1%) and manufactured goods (-1.5% vs -0.9%). At the same time, prices slowed for food & live animals (5.3% vs 6%), beverages & tobacco (6.3% vs 6.6%), machinery & transport equipment (0.4% vs 1%), and miscellaneous manufactured articles (0.1% vs 0.2%). Meanwhile, prices increased for crude materials (7.5% vs 6.9%). On a monthly basis, the domestic supply prices rose 0.1% in February, after an upwardly revised 1.7% drop in the previous month.
2023-03-29