The Domestic Supply Price Index in Singapore increased 0.4 percent from a year earlier in April 2019, compared to an upwardly revised 3.7 percent rise in the previous month. This was the lowest producer inflation since January, when producer prices dropped by 1.7 percent, as mineral fuels prices rose softer (7.2% vs 12.3% in March) and non-oil prices fell (-2.0% vs 0.7%). Among the non-oil sub-indices, prices increased for: manufactured goods (4.1% vs 2.6%); food & live animals (1.0% vs 0.4%); beverages and tobacco (1.5% vs 1.4%; and miscellaneous and manufactured articles (1.2% vs 0.8%). On the other hand, prices declined for: machinery & transport equipment (-3.2% vs 1.6%); chemicals & chemical products (-3.0%, the same pace as in March); and animal & vegetable oils (-13.0% vs -14.9%). Producer Prices Change in Singapore averaged 0.78 percent from 1975 until 2018, 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.
Producer Prices Change in Singapore is expected to be -2.00 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 2.00 in 12 months time. In the long-term, the Singapore Producer Prices Change is projected to trend around 2.50 percent in 2020, according to our econometric models.