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.