The Domestic Supply Price Index in Singapore tumbled 9.4 percent from a year earlier in March 2020, following a 1.5 percent drop in the previous month. This was the second straight month of decline in domestic supply prices and the steepest since June 2016, as cost dropped more for mineral fuels (-39.8% vs -10.1% in February). Meanwhile, cost of crude materials excluded fuels continued to rise (1.9% vs 1.0%). Additionally, cost fell faster for chemicals & chemical products (-4.7% vs -3.4%), while that of both animal & vegetable oils (11.5% vs 12.5%) and manufactured goods (1.3% vs 2.1%) slowed. On the other hand, cost accelerated for food & live animals (4.1% vs 3.8%); beverages & tobacco (2.8% vs 2.5%); miscellaneous manufactured articles (5.0% vs 2.8%); and machinery & transport equipment (3.3% vs 2.4%).

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 May of 2020. source: Statistics Singapore

Producer Prices Change in Singapore is expected to be 1.90 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 2021, according to our econometric models.

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Singapore Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-9.40 -1.50 29.27 -22.20 1975 - 2020 percent Monthly
2012 = 100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-29 05:00 AM Dec -0.9% -5.0% 0.5%
2020-02-28 05:00 AM Jan 0.8% -1.1% 2.1%
2020-03-27 05:00 AM Feb -1.5% 0.6% -0.1%
2020-04-29 05:00 AM Mar -9.4% -1.5% 2%
2020-05-29 05:00 AM Apr -9.4% -3.9%
2020-06-29 05:00 AM May
2020-07-29 05:00 AM Jun 1.9%
2020-08-28 05:00 AM Jul


News Stream
Singapore Producer Prices Fall the Most in 3-1/2 Years
The Domestic Supply Price Index in Singapore tumbled 9.4 percent from a year earlier in March 2020, following a 1.5 percent drop in the previous month. This was the second straight month of decline in domestic supply prices and the steepest since June 2016, as cost dropped more for mineral fuels (-39.8% vs -10.1% in February). Meanwhile, cost of crude materials excluded fuels continued to rise (1.9% vs 1.0%). Additionally, cost fell faster for chemicals & chemical products (-4.7% vs -3.4%), while that of both animal & vegetable oils (11.5% vs 12.5%) and manufactured goods (1.3% vs 2.1%) slowed. On the other hand, cost accelerated for food & live animals (4.1% vs 3.8%); beverages & tobacco (2.8% vs 2.5%); miscellaneous manufactured articles (5.0% vs 2.8%); and machinery & transport equipment (3.3% vs 2.4%).
2020-04-29
Singapore Producer Prices Fall 1.5% YoY in February
The Domestic Supply Price Index in Singapore declined 1.5 percent from a year earlier in February 2020, following a downwardly revised 0.6 percent rise in the previous month. Cost dropped sharply for mineral fuels (-9.6 pct vs 2.0 pct in January) while that of crude materials excluded fuels rebounded (1.2 pct vs -0.3 pct). Additionally, prices slowed for animal and vegetables oils (12.5 pct vs 13.1 pct). Meantime, cost of chemicals & chemical products continued to fall (-3.7 pct vs -4.2 pct). On the other hand, prices accelerated for food & live animals (3.8 pct vs 2.9 pct); beverages & tobacco (2.5 pct vs 1.4 pct); miscellaneous manufactured articles (2.7 pct vs 0.9 pct); manufactured goods (1.9 pct vs 1.7 pct), and machinery & transport equipment (2.3 pct vs 0.5 pct ).
2020-03-27
Singapore Producer Prices Rise for 1st Time in 9 Months
The Domestic Supply Price Index in Singapore increased 0.8 percent from a year earlier in January 2020, following an upwardly revised 1.1 percent fall in the previous month. This was the first increase in producer prices since April last year, as cost rebounded sharply for mineral fuels (2.8 pct vs -2.4 pct in December) while that of crude materials excluded fuels dropped softer (-1.0 pct vs -2.1 pct). Additionally, prices accelerated for food & live animals (2.6 pct vs 2.3 pct); animal and vegetables oils (12.5 pct vs 9.5 pct); miscellaneous manufactured articles (0.9 pct vs 0.6 pct); manufactured goods (1.9 pct vs 1.4 pct), while cost of machinery & transport equipment went up 0.4 percent (after a flat reading in December ). Also, cost of chemicals & chemical products fell less (-3.7 pct vs -6.2 pct). On the other hand, prices went up softer for beverages & tobacco (1.8 pct vs 2.0 pct).
2020-02-28
Singapore Producer Prices Fall for 8th Month
The Domestic Supply Price Index in Singapore decreased 0.9 percent from a year earlier in December 2019, following an upwardly revised 5.0 percent fall in the previous month. This was the eighth month straight drop in producer prices since May and the smallest decline in the current sequence of month, as cost fell less for mineral fuels (-1.8 pct vs -14.3 pct in November); chemicals & chemical products (-5.9 pct vs -7.0 pct); crude materials excluded fuels (-2.3 pct vs -3.2 pct). Additionally, prices accelerated for food & live animals (2.3 pct vs 2.2 pct); animal and vegetables oils (9.2 pct vs 3.6 pct), while cost of machinery & transport equipment was unchanged (vs -0.7 pct). On the other hand, prices went up softer for both manufactured goods (1.4 pct vs 2.0 pct) and beverages & tobacco (2.0 pct vs 2.1 pct), while miscellaneous manufactured articles inflation was steady (at 0.6 pct).
2020-01-29

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.