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.