The Domestic Supply Price Index in Singapore dropped 4.7 percent from a year earlier in January 2021, after a downwardly revised 6.8 percent fall in the previous month. This was the twelfth straight month of decline in domestic supply prices, but the smallest fall since February last year, as mineral fuels prices shrank less (-11.6% vs -17.7% in December) while crude materials excluded fuels rebounded (0.5% vs -0.7%). Also, prices dropped further for both chemicals & chemical products (-2.4% vs -2.2%) and machinery & transport equipment (-4.0% vs -5.0%). Meanwhile, prices continued to increase for food & live animals (0.8% vs 0.5%), beverages & tobacco (0.9% vs 0.1%), manufactured goods (2.2% vs 0.5%), miscellaneous manufactured articles (1.5% vs 1.4%) and animal & vegetable oils (19.7% vs 20.7%). 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 February of 2021.

Producer Prices Change in Singapore is expected to be 1.50 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 5.00 in 12 months time. In the long-term, the Singapore Producer Prices Change is projected to trend around 5.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Singapore Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-4.70 -6.80 29.27 -22.20 1975 - 2021 percent Monthly
2012 = 100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 05:00 AM Oct -9.6% -10.5% -8.0%
2020-12-29 05:00 AM Nov -9.4% -9.7% -7.5%
2021-01-29 05:00 AM Dec -6.9% -9.4% -8.3%
2021-02-26 05:00 AM Jan -4.7% -6.8% -7.6%
2021-03-29 05:00 AM Feb -4.7% -7.5%
2021-04-29 05:00 AM Mar
2021-05-28 05:00 AM Apr
2021-06-29 05:00 AM May


News Stream
Singapore Producer Prices Fall the Least in 11 Months
The Domestic Supply Price Index in Singapore dropped 4.7 percent from a year earlier in January 2021, after a downwardly revised 6.8 percent fall in the previous month. This was the twelfth straight month of decline in domestic supply prices, but the smallest fall since February last year, as mineral fuels prices shrank less (-11.6% vs -17.7% in December) while crude materials excluded fuels rebounded (0.5% vs -0.7%). Also, prices dropped further for both chemicals & chemical products (-2.4% vs -2.2%) and machinery & transport equipment (-4.0% vs -5.0%). Meanwhile, prices continued to increase for food & live animals (0.8% vs 0.5%), beverages & tobacco (0.9% vs 0.1%), manufactured goods (2.2% vs 0.5%), miscellaneous manufactured articles (1.5% vs 1.4%) and animal & vegetable oils (19.7% vs 20.7%).
2021-02-26
Singapore Producer Prices Fall the Least in 10 Months
The Domestic Supply Price Index in Singapore dropped 6.9 percent from a year earlier in December 2020, after a 9.4 percent plunge in the previous month. This was the eleventh straight month of decline in domestic supply prices, but the smallest fall since February, as prices of both mineral fuels (-17.7% vs -26.0% in November) and crude materials excluded fuels (-0.7% vs -2.5%) fell less. Also, prices dropped for both chemicals & chemical products (-2.4% vs -6.1%) and machinery & transport equipment (-5.2% vs -5.0%). Meanwhile, prices continued to increase for food & live animals (0.4% vs 0.5%), beverages & tobacco (1.2% vs 1.1%), manufactured goods (0.4% vs 0.3%), miscellaneous manufactured articles (1.4% vs 1.9%) and animal & vegetable oils (20.7% vs 20.2%).
2021-01-29
Singapore Producer Prices Fall the Least in 3 Months
The Domestic Supply Price Index in Singapore slumped 9.4 percent from a year earlier in November 2020, following an upwardly revised 9.7 percent tumble in the previous month. This was the tenth straight month of decline in domestic supply prices, but the smallest drop since August, as prices fell less for mineral fuels (-26.0% vs -30.8% in October) while those of crude materials excluded fuels continued to decrease (-2.5% vs -2.2%). Also, prices dropped for chemicals & chemical products (-6.2% vs -7.6%), machinery & transport equipment (-5.0% vs -2.1%).In addition, prices rebounded for food & live animals (0.5% vs -0.6%), beverages & tobacco (1.1% vs 1.0%), manufactured goods (0.2% vs -0.4%), while prices of miscellaneous manufactured articles rose more (1.9% vs 1.7%). On the other hand, animal & vegetable oils prices continued to increase (17.3% vs 20.3%).
2020-12-29
Singapore Producer Prices Fall for 9th Month
The Domestic Supply Price Index in Singapore tumbled 9.6 percent from a year earlier in October 2020, following a 10.5 percent plunge in the previous month. This was the ninth straight month of decline in domestic supply prices, as cost fell further for both mineral fuels (-30.8% vs -31.9% in September) and crude materials excluded fuels (-2.2% vs -3.8%). Also, prices dropped food & live animals (-0.6% vs 0.6%), beverages & tobacco (-0.2% vs 2.0%), manufactured goods (-1.0% vs -0.8%), chemicals & chemical products (-7.6% vs -8.7%), machinery & transport equipment (-1.8% vs -2.9%). Meanwhile, prices continued to increased for both miscellaneous manufactured articles (1.5% vs 1.6%) and animal & vegetable oils (20.3% vs 16.4%).
2020-11-27

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.