Singapore Producer Prices Change2021 Data | 2022 Forecast | 1975-2020 Historical

The Domestic Supply Price Index in Singapore increased 17.0 percent from a year earlier in August 2021, easing slightly from an upwardly revised 17.1 percent rise in the previous month, as mineral fuels prices rose softer (56.9% vs 64.8%), while crude materials excluded fuels prices continued to rise (14.0% vs 12.6%). Also, prices advanced less for animal & vegetable oils (53.0% vs 55.7% in July). Meanwhile, prices continued to increase for chemicals & chemical products (13.8% vs 12.7%), manufactured goods (12.7% vs 11.6%), food & live animals (2.7% vs 2.0%), machinery & transport equipment (4.7% vs 2.7%), beverages & tobacco (0.7% vs 0.5%) and miscellaneous manufactured (1.3% vs 0.7%).

The Domestic Supply Price Index in Singapore increased 17.0 percent from a year earlier in July 2021, accelerating from a 16.8 percent rise in the previous month, as crude materials excluded fuels prices rose faster (12.6% vs 5.4%), while mineral fuels prices continued to increase (64.8% vs 76.1%). Also, prices advanced more for animal & vegetable oils (55.1% vs 52.6% in June), chemicals & chemical products (12.6% vs 9.9%), manufactured goods (11.4% vs 9.5%), food & live animals (1.9% vs 1.6%) and machinery & transport equipment (2.6% vs 1.3%). In addition, prices rebounded for both beverages & tobacco (0.5% vs -0.8%) and miscellaneous manufactured (0.6% vs -0.3%).

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%).

The Domestic Supply Price Index in Singapore increased 18.1 percent from a year earlier in May 2021, accelerating from a downwardly revised 17.8 percent rise in the previous month. This was the third straight month of increase in domestic supply prices and the steepest pace since July 2008, as crude materials excluded fuels prices rose faster (4.0% vs 3.8%), while mineral fuels prices increased further (109.5% vs 125.3%). Also, prices advanced more for manufactured goods (6.7% vs 4.9%), animal & vegetable oils (57.2% vs 45.6%), and chemicals & chemical products (12.2% vs 11.2%). In addition, prices fell less for food & live animals (-0.3% vs -0.9%), machinery & transport equipment (-0.9% vs -2.1%), and miscellaneous manufactured articles (-1.5 vs -1.7%), while those of beverages & tobacco continued to drop (-0.5% vs -0.5%).