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.