Singapore’s domestic supply price index surged 21.6% year-over-year in March 2026, the sharpest increase since June 2022, as the Middle East war drove energy costs higher. The acceleration from an upwardly revised 2.4% rise in February was led by a 49.9% jump in mineral fuels. Additional upward pressure came from machinery & transport equipment (16.4% vs. 10.8% in February), chemicals & chemical products (4.3% vs. –8.7%), and manufactured goods (3.0% vs. 1.1%). On a monthly basis, the index climbed 16.1% in March, following a 3.7% increase in February, as oil prices soared 60.4%. source: Statistics Singapore

Producer Prices in Singapore increased 21.60 percent in March of 2026 over the same month in the previous year. Producer Prices Change in Singapore averaged 1.04 percent from 1975 until 2026, reaching an all time high of 31.50 percent in May of 2022 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 Domestic Supply Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Producer Prices in Singapore increased 21.60 percent in March of 2026 over the same month in the previous year. Producer Prices Change in Singapore is expected to be 23.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Domestic Supply Price Index YoY is projected to trend around 7.00 percent in 2027 and 4.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-27 03:30 AM
PPI YoY
Feb -2.9% -6.1% -3.0%
2026-04-29 10:00 AM
PPI YoY
Mar 21.6% 2.4% -1.8%
2026-05-29 03:30 AM
PPI YoY
Apr 21.6%


Related Last Previous Unit Reference
CPI 102.40 101.90 points Mar 2026
Core Consumer Prices 101.91 101.78 points Mar 2026
CPI Housing Utilities 101.50 101.50 points Mar 2026
CPI Transportation 107.30 104.20 points Mar 2026
Export Prices 101.08 90.50 points Mar 2026
Food Inflation 1.60 1.60 percent Mar 2026
GDP Deflator 135.60 131.60 points Dec 2025
Import Prices 103.04 92.69 points Mar 2026
Inflation Rate YoY 1.80 1.20 percent Mar 2026
Inflation Rate MoM 0.50 0.60 percent Mar 2026
Domestic Supply Price Index 123.80 106.60 points Mar 2026
Domestic Supply Price Index YoY 21.60 2.40 percent Mar 2026


Singapore Domestic Supply Price Index YoY
In Singapore, Domestic Supply Price Index measures the change in prices of imported and locally manufactured product retained for use in the economy.
Actual Previous Highest Lowest Dates Unit Frequency
21.60 2.40 31.50 -22.20 1975 - 2026 percent Monthly
2023=100, NSA

News Stream
Singapore Domestic Supply Prices Surge Fastest Since 2022
Singapore’s domestic supply price index surged 21.6% year-over-year in March 2026, the sharpest increase since June 2022, as the Middle East war drove energy costs higher. The acceleration from an upwardly revised 2.4% rise in February was led by a 49.9% jump in mineral fuels. Additional upward pressure came from machinery & transport equipment (16.4% vs. 10.8% in February), chemicals & chemical products (4.3% vs. –8.7%), and manufactured goods (3.0% vs. 1.1%). On a monthly basis, the index climbed 16.1% in March, following a 3.7% increase in February, as oil prices soared 60.4%.
2026-04-29
Singapore Producer Deflation Eases in February
Singapore’s Domestic Supply Price Index fell by 2.9% year-on-year in February 2026, easing from an upwardly revised 6.1% decline in the previous month. This marked the third consecutive month of decline, albeit at a slower pace, as deflation moderated for food and live animals (-1.8% vs -2.2%), mineral fuels (-11% vs -16.6%), and chemical and chemical products (-8.8% vs -9.5%). At the same time, costs increased for crude materials (11.4% vs 4.3%), while prices recovered for animal and vegetable oils, fats, and waxes (1% vs -1.7%). In contrast, price growth eased for beverages and tobacco (3% vs 3.9%) and miscellaneous manufactured articles (11.1% vs 14.8%). On a monthly basis, the Domestic Supply Price Index rose by 3.1% in February, recovering from a 0.1% drop in the preceding period.
2026-03-27
Singapore Producer Prices Fall for 2nd Month
Singapore’s Domestic Supply Price Index dropped by 6% year-on-year in January 2026, slipping further from a downwardly revised 2.6% fall in the previous month. This marked the second consecutive month decline, driven by sharper decreases in costs for mineral fuels (-16.7% vs -11.7% in December), chemicals and chemical products (-9.1% vs -8%), and food and live animals (-2.2% vs -0.6%). Prices also fell for machinery and transport equipment (-3.9% vs 0.1%) and animal and vegetable oils, fats and waxes (-1.2% vs 2.1%), while inflation softened for beverages and tobacco (3.7% vs 4.2%). On the other hand, costs continued to increase for miscellaneous manufactured articles (14.8% vs 15.8%), crude materials (4.2% vs 3.7%), and manufactured goods (0.9% vs 0%). On a monthly basis, the Domestic Supply Price Index fell by 0.1% in January, easing from a slightly downwardly revised 1.6% decline in December.
2026-02-27