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.