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%).

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 September of 2020. source: Statistics Singapore

Producer Prices Change in Singapore is expected to be -3.50 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 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.

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Singapore Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-8.50 -9.60 29.27 -22.20 1975 - 2020 percent Monthly
2012 = 100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 05:00 AM Apr -15.5% -9.3% -3.9%
2020-06-29 05:00 AM May -14.4% -15.0%
2020-07-29 05:00 AM Jun -9.7% -14.6% -9.5%
2020-08-28 05:00 AM Jul -8.5% -9.6% -7.9%
2020-09-28 05:00 AM Aug -8.5% -7.4%
2020-10-29 05:00 AM Sep -3.5%
2020-11-27 05:00 AM Oct
2020-12-28 05:00 AM Nov


News Stream
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 Drop the Least in 3 Months
The Domestic Supply Price Index in Singapore fell 9.7 percent from a year earlier in June 2020, following an upwardly revised 14.6 percent slump in the previous month. This was the fifth straight month of declines in domestic supply prices, but the smallest since March, as cost dropped less for mineral fuels (-36.6% vs -54.0% in May) while cost of crude materials excluded fuels rose further (0.2% vs 0.1%). Additionally, cost fell less for chemicals & chemical products (-7.6% vs -10.8%). Meanwhile, cost slowed for miscellaneous manufactured articles (3.8% vs 4.8%); machinery & transport equipment (1.0% vs 2.6%); and food & live animals (2.9% vs 4.2%). Meantime, prices continued to rise for animal & vegetable oils (9.6% vs 6.7%), while domestic supply inflation was steady for both manufactured goods (at 0.7%) and beverages & tobacco (at 2.7%).
2020-07-29
Singapore Producer Prices Drop for 4th Month
The Domestic Supply Price Index in Singapore plunged 14.4 percent from a year earlier in May 2020, following a downwardly revised 15.0 percent tumble in the previous month. This was the fourth straight month of decline in domestic supply prices, as cost dropped less for mineral fuels (-53.8% vs -58.7% in April) while cost of crude materials excluded fuels rose softer (0.1% vs 1.0%). Additionally, cost continued to drop for chemicals & chemical products (-10.7% vs -10.1%). Meanwhile, cost slowed for animal & vegetable oils (6.8% vs 8.1%); manufactured goods (0.7% vs 1.4%); food & live animals (4.0% vs 5.0%); beverages & tobacco (2.7% vs 2.9%); miscellaneous manufactured articles (4.8% vs 6.0%); and machinery & transport equipment (3.2% vs 4.8%).
2020-06-29
Singapore Producer Prices Fall the Most in Over 4-1/2 Years
The Domestic Supply Price Index in Singapore tumbled 15.5 percent from a year earlier in April 2020, following a downwardly revised 9.3 percent drop in the previous month. This was the third straight month of decline in domestic supply prices and the steepest fall since September 2015, as cost dropped more for mineral fuels (-60.4% vs -39.9% in March) while cost of crude materials excluded fuels rose less (0.6% vs .9%). Additionally, cost fell faster for chemicals & chemical products (-10.3% vs -5.2%), while that of animal & vegetable oils eased (8.0% vs 11.5%). On the other hand, cost accelerated for manufactured goods (1.9% vs 1.5%); food & live animals (4.4% vs 4.2%); beverages & tobacco (2.9% vs 2.8%); miscellaneous manufactured articles (6.0% vs 5.0%); and machinery & transport equipment (4.7% vs 3.5%).
2020-05-29

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.