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%). 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 November of 2020.

Producer Prices Change in Singapore is expected to be -6.50 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 9.00 in 12 months time. In the long-term, the Singapore Producer Prices Change is projected to trend around 5.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Singapore Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-9.60 -10.50 29.27 -22.20 1975 - 2020 percent Monthly
2012 = 100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-28 05:00 AM Jul -8.5% -9.6% -7.9%
2020-09-29 05:00 AM Aug -9.4% -8.4% -7.4%
2020-10-29 05:00 AM Sep -10.5% -9.3% -3.5%
2020-11-27 05:00 AM Oct -9.6% -10.5% -8.0%
2020-12-28 05:00 AM Nov -9.6% -7.5%
2021-01-29 05:00 AM Dec
2021-02-28 05:00 AM Jan
2021-03-27 05:00 AM Feb


News Stream
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 Drop the Most in 4 Months
The Domestic Supply Price Index in Singapore tumbled 10.5 percent from a year earlier in September 2020, following a downwardly revised 9.3 percent plunge in the previous month. This was the eighth straight month of decline in domestic supply prices, and the steepest fall since May, as cost fell more for mineral fuels (-31.9% vs -26.0% in August) while cost of crude materials excluded fuels continued to drop (-3.8% vs -5.0%). Additionally, prices decreased faster for manufactured goods (-0.9% vs -0.1%) while prices continued to fall for both chemicals & chemical products (-8.2% vs -8.6%) and machinery & transport equipment (-3.0% vs -4.2%). Also, cost slowed for food & live animals (0.8% vs 1.3%), miscellaneous manufactured articles (1.6% vs 1.8%). On the other hand, cost of both beverages & tobacco (1.8% vs 1.7%) and animal & vegetable oils (16.4% vs 14.2%) increased further.
2020-10-29
Singapore Producer Prices Drop at Faster Pace
The Domestic Supply Price Index in Singapore plunged 9.4 percent from a year earlier in August 2020, following a downwardly revised 8.4 percent fall in the previous month. This was the seventh straight month of decline in domestic supply prices, as cost fell more for crude materials excluded fuels (-5.0 vs -3.1% in July) while cost of mineral fuels continued to drop (-26.0% vs -32.5%). Additionally, prices decreased faster for chemicals & chemical products (-8.6% vs -7.0%) while prices dropped for both machinery & transport equipment (-4.3% vs 2.2%) and manufactured goods (-0.1% vs 1.0%).Meantime, cost slowed for food & live animals (1.4% vs 2.2%), beverages & tobacco (1.7% vs 2.3%), miscellaneous manufactured articles (1.7% vs 3.7%). On the other, animal & vegetable oils prices increased further (13.8% vs 12.9%).
2020-09-29
Singapore Producer Prices Fall the Least in 5 Months
The Domestic Supply Price Index in Singapore dropped 8.5 percent from a year earlier in July 2020, following a downwardly revised 9.6 percent tumble in the previous month. This was the sixth straight month of decline in domestic supply prices, but the smallest since February, as cost fell less for mineral fuels (-32.7% vs -36.9% in June) while cost of crude materials excluded fuels declined (-2.8 vs 0.2%). Additionally, cost decreased softer for chemicals & chemical products (-7.0% vs -7.8%). Also, prices increased faster for animal & vegetable oils (13.1% vs 9.7%), manufactured goods (1.0% vs 0.6%), machinery & transport equipment (2.1% vs 1.5%). On the other hand, cost slowed for food & live animals (2.1% vs 2.5%) and beverages & tobacco (2.5% vs 3.2%), while domestic supply inflation miscellaneous manufactured articles was steady (at 3.7%).
2020-08-28

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.