The Domestic Supply Price Index in Singapore increased 16.8 percent from a year earlier in June 2021, slowing from a downwardly revised 18.0 percent gain in the previous month. This was the fourth straight month of increase in domestic supply prices and the weakest pace since March, as mineral fuels prices increased much less (76.1% vs 109.5%), while crude materials excluded fuels prices continued to rise (5.7% vs 4.0%). Also, prices advanced softer for both animal & vegetable oils (52.6% vs 57.2%) and chemicals & chemical products (9.9% vs 12.2%). In addition, prices of beverages & tobacco fell faster (-0.8% vs -0.5%). On the other hand, prices of manufactured goods rose more (9.3% vs 6.8%), while prices rebounded for both food & live animals (1.5% vs -0.3%) and machinery & transport equipment (1.3% vs -1.1%). Meantime, prices of miscellaneous manufactured articles continued to drop (-0.3% vs -1.4%). 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 August of 2021.
Producer Prices Change in Singapore is expected to be 10.80 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 3.50 in 12 months time. In the long-term, the Singapore Producer Prices Change is projected to trend around 2.50 percent in 2022, according to our econometric models.