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.