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.

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Singapore Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
18.10 17.80 29.27 -22.20 1975 - 2021 percent Monthly
2012 = 100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-29 05:00 AM Feb -0.7% -4.6% -7.5%
2021-04-29 05:00 AM Mar 9.6% -0.7% 5.5%
2021-05-28 05:00 AM Apr 17.9% 9.7% 13.8%
2021-06-29 05:00 AM May 18.1% 17.8% 19%
2021-07-29 05:00 AM Jun 18.1% 18.3%
2021-08-28 05:00 AM Jul
2021-09-29 05:00 AM Aug
2021-10-29 05:00 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Singapore Producer Prices Rise the Most Since 2008
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%).
2021-06-29
Singapore Producer Prices Rise the Most Since 2008
The Domestic Supply Price Index in Singapore surged 17.9 percent from a year earlier in April 2021, following an upwardly revised 9.7 percent jump in the previous month. This was the second straight month of increase in domestic supply prices and the strongest growth since July 2008, as both mineral fuels (125.1% vs 62.2% in March) and crude materials excluded fuels prices (3.8% vs 1.9%) grew faster. Also, prices increased more for manufactured goods (4.4% vs 3.5%), animal & vegetable oils (45.3% vs 37.8%), and chemicals & chemical products (11.2% vs 3.0%). By contrast, prices fell for food & live animals (-1.0% vs 0.3%), machinery & transport equipment (-1.9% vs -4.8%), beverages & tobacco (-0.5% vs -0.1%) and miscellaneous manufactured articles (-1.7% vs -1.2%).
2021-05-28
Singapore Producer Prices Rise for 1st Time in 14 Months
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%).
2021-04-29
Singapore Producer Prices Fall at Softer Pace
The Domestic Supply Price Index in Singapore declined 0.7 percent from a year earlier in February 2021, after a downwardly revised 4.6 percent drop in the previous month. This was the thirteenth straight month of decrease in domestic supply prices, and the smallest fall since the current sequence, as mineral fuels prices shrank rebounded sharply (5.1% vs -11.6% in January) while crude materials excluded fuels continued to increase (0.7% vs 1.1%). Meanwhile, prices dropped further for both chemicals & chemical products (-2.6% vs -2.3%) and machinery & transport equipment (-4.5% vs -3.8%). On the other hand, prices rose further for food & live animals (1.8% vs 0.8%), beverages & tobacco (0.1% vs 1.0%), manufactured goods (2.3% vs 2.2%), miscellaneous manufactured articles (0.8% vs 1.7%) and animal & vegetable oils (25.3% vs 20.6%).
2021-03-29

Singapore Producer Prices Change
In Singapore, producer prices refer to year over year change in domestic supply price index. The index is designed to measure the changes in the price level of goods manufactured locally or imported which are retained for a use in the domestic economy.