The Domestic Supply Price Index in Singapore declined 4.9 percent from a year earlier in November 2019, following a downwardly revised 7.7 percent fall in the previous month. This was the seventh straight month decrease in producer prices and the smallest drop since May, as cost fell less for mineral fuels (-14.1 percent vs -22.1 percent in October); chemicals & chemical products (-7.0 percent vs -8.2 percent); crude materials excluded fuels (-3.1 percent vs -4.0 percent). Additionally, prices accelerated for manufactured goods (1.8 percent vs 1.6 percent); beverages & tobacco (4.1 percent vs 2.4 percent); food & live animals (2.2 percent vs 2.1 percent), while animal and vegetables oils prices rebounded sharply (2.8 percent vs -5 percent). On the other hand, prices of miscellaneous manufactured articles rose softer (0.6 percent vs 1.1 percent) while cost went down further for machinery & transport equipment (-0.7 percent vs -0.4 percent). 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. source: Statistics Singapore

Producer Prices Change in Singapore is expected to be 1.00 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 2.20 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.

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Singapore Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-4.90 -7.70 29.27 -22.20 1975 - 2019 percent Monthly
2012 = 100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 05:00 AM Aug -6.1% -6.1% -5%
2019-10-29 05:00 AM Sep -6.8% -6.0% -4%
2019-11-29 05:00 AM Oct -7.8% -6.8% -3.5%
2019-12-27 05:30 AM Nov -4.9% -7.7% -3.7%
2020-01-29 05:00 AM Dec -4.9% 0.5%


News Stream
2019-11-29
Singapore Producer Prices Fall the Most in Over 3 Years
The Domestic Supply Price Index in Singapore declined 7.8 percent from a year earlier in October 2019, following a 6.8 percent fall in the previous month. This was the sixth straight month decrease in producer prices and the steepest drop since July 2016, as cost went down further for mineral fuels (-22.2 percent vs -17.9 percent in September); and chemicals & chemical products (-8.2 percent vs -7.7 percent). Also, prices slowed for manufactured goods (1.4 percent vs 1.6 percent); miscellaneous manufactured articles (1.1 percent vs 1.7 percent); and beverages & tobacco (2.5 percent vs 2.6 percent). Meanwhile, cost fell less for crude materials excluded fuels (-4.1 percent vs -4.6 percent); machinery & transport equipment (-0.3 percent vs -1.9 percent); and animal and vegetables oils (-5 percent vs -7.3 percent). Additionally, prices of food & live animals advanced further (2 percent vs 1.7 percent).

2019-10-29
Singapore Producer Prices Fall the Most in Over 3 Years
The Domestic Supply Price Index in Singapore declined 6.8 percent from a year earlier in September 2019 from a downwardly revised 6.0 percent drop in the previous month. This was the fifth straight month decrease in producer prices and the steepest drop since July 2016, as cost fell faster for both mineral fuels (-17.9% vs -17.2% in August) and crude materials excluded fuels (-4.6% vs -4.1%). Also, prices dropped more for non-oil prices (-2.1% vs -1.4%); machinery & transport equipment (-1.8% vs -0.6%). Meanwhile, prices continued to drop for animal and vegetables oils (-7.3% vs -9.0%); chemicals & chemical products (-7.7 vs -8.0%). Additionally, prices rose softer for food & live animals eased (1.4% vs 1.7%); miscellaneous and manufactured articles (1.7% vs 1.9%); and beverages and tobacco (2.6% vs 2.9%). On the other hand, prices increased faster for manufactured goods (1.6% vs 0.8%).

2019-09-27
Singapore Producer Prices Fall the Most in 3 Years
The Domestic Supply Price Index in Singapore decreased 6.1 percent from a year earlier in August 2019, unchanged from a upwardly revised figure in the previous month. This was the fourth straight month decline in producer prices and the steepest since August 2016, as cost fell further for mineral fuels (-17.5% vs -9.5% in July) and crude materials excluded fuels (-5.1% vs -4.7%). Also, cost of food & live animals eased (1.6% vs 1.7%). Meanwhile, prices dropped less for non-oil prices (-1.4% vs -4.7%); machinery & transport equipment (-0.5% vs -5.5%); animal and vegetables oils (-9.2% vs -13.1%) and chemicals & chemical products (-8.3 vs -8.7%). Additionally, prices increased at a faster pace for manufactured goods (0.7% vs 0.3%); miscellaneous and manufactured articles (1.9% vs 0.4%) and beverages and tobacco (2.9% vs 2.3%).

2019-08-29
Singapore Producer Prices Fall the Most in 3 Years
The Domestic Supply Price Index in Singapore declined 6.0 percent from a year earlier in July 2019, compared to an upwardly revised 5.5 percent drop in the previous month. This was the third straight decrease in producer prices and the steepest decline since August 2016, as non-oil prices fell faster (-4.5% vs -3.3% in July) while mineral fuels prices continued to decrease (-9.8% vs -11.1%). Among the non-oil sub-indices, prices dropped further for machinery & transport equipment (-5.3% vs -3.8%); crude materials excluded fuels (-4.6% vs -3.5%), animal and vegetables oils (-13.1% vs -12.9%), and chemicals & chemical products (-8.5 vs -7.2%). In addition, prices went up softer for: manufactured goods (0.3% vs 0.9%); and miscellaneous and manufactured articles (0.7% vs 0.9%). Meantime, prices continued to increase for both food & live animals (1.7% vs 1.5%) and beverages and tobacco (2.3% vs 1.8%).

2019-07-29
Singapore Producer Prices Fall the Most Since 2016
The Domestic Supply Price Index in Singapore declined 5.2 percent from a year earlier in June 2019, compared to a 2.5 percent drop in the previous month. This was the second straight decrease in producer prices and the steepest decline since August 2016, as both mineral fuels prices (-10.9% vs -3.3% in May) and non-oil prices (-2.9% vs -2.2%) fell faster. Among the non-oil sub-indices, prices dropped further for machinery & transport equipment (-3.6% vs -3.4%) and chemicals & chemical products (-7.5 vs -3.8%). In addition, prices increased softer for: manufactured goods (4.5% vs 5.1%); beverages and tobacco (1.8% vs 2.0%), and miscellaneous and manufactured articles (0.9% vs 1.3%). Meantime, food & live animals prices continued to rise (1.4% vs 1.0%).

2019-06-28
Singapore Producer Prices Fall for 1st Time in 4 Months
The Domestic Supply Price Index in Singapore dropped 2.5 percent from a year earlier in May 2019, compared to an upwardly revised 0.6 percent gain in the previous month. This was the first decline in producer prices since January, as mineral fuels prices fell sharply (-3.1% vs 8.1% in April) and non-oil prices decreased faster (-2.3% vs -2.0%). Among the non-oil sub-indices, prices fell further: machinery & transport equipment (-3.2% vs -2.9%); animal & vegetable oils (-13.3% vs -13.0%), and chemicals & chemical products (-3.3 vs -3.4%). In addition, prices increased softer for: manufactured goods (1.6% vs 2.0%); food & live animals (0.7% vs 1.4%); beverages and tobacco (2.0% vs 2.2%), and miscellaneous and manufactured articles (1.1% vs 1.3%).


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.

Singapore Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.60 34.30 -3.10 percent [+]
Inflation Rate Mom 0.30 0.30 4.80 -1.90 percent [+]
Consumer Price Index CPI 101.00 100.70 101.00 24.17 points [+]
Core Consumer Prices 105.01 104.69 105.01 63.85 points [+]
Core Inflation Rate 0.70 0.60 6.50 -1.40 percent [+]
GDP Deflator 104.88 105.11 107.55 43.49 points [+]
Producer Prices 95.94 96.80 135.53 77.52 points [+]
Export Prices 96.33 97.89 240.64 91.87 points [+]
Import Prices 97.61 98.44 142.72 84.94 points [+]
Food Inflation 1.80 1.70 59.30 -7.70 percent [+]
Producer Prices Change -4.90 -7.70 29.27 -22.20 percent [+]
CPI Housing Utilities 88.40 88.40 101.14 23.39 points [+]
CPI Transportation 99.80 99.30 107.06 20.22 points [+]