Singapore Producer Inflation Slows in June

Singapore’s domestic supply price index climbed 30.3% year-on-year in June 2026, slowing from a downwardly revised 34.1% jump in the previous month. The slowdown is largely driven by moderating costs for mineral fuels, lubricants and related materials (46.9% vs 76.7% in May), crude materials (13.0% vs 13.3%), and chemical and chemical products (13.4% vs 21.5%). Meanwhile, price growth increased for machinery and transport equipment (35.1% vs 27.5%) and manufactured goods (5.7% vs 5.4%). On the other hand, prices declined for food and live animals, down 1.9% after a 2.5% drop in the prior month. On a monthly basis, the domestic supply price index fell 2.5% in June, marking its second monthly decline of the year and a steeper decrease than the 2.0% drop recorded in the last month.

Singapore’s domestic supply price index climbed 34.2% year-on-year in May 2026 from an upwardly revised 32.1% jump in the previous month. This marked the highest reading since records began in January 1975, driven largely by sharply higher costs for mineral fuels, lubricants and related materials (77.2% vs 81.1% in April), machinery and transport equipment (27.6% vs 20.4%), and chemical and chemical products (21.5% vs 21.3%). Producer inflation also increased for crude materials excluding fuels (12.9% vs 10.3%) and miscellaneous manufactured articles (7.7% vs 7.1%). On the other hand, prices declined for food and live animals, down 2.6% after a 3.2% drop in the prior month. On a monthly basis, producer prices decreased by 1.9% in May, marking the first month of decline this year and reversing a 3.4% gain in the preceding period.

Singapore’s domestic supply price index jumped 31.6% year-on-year in April 2026 from an upwardly revised 26.7% in the previous month. This marked the highest reading since records began in January 1975. Costs increased in beverages and tobacco (3.8% vs 2.6% in March), crude materials excluding fuels (9.8% vs 8.5%), mineral fuels, lubricants, and related materials (79.3% vs 70.8%), animal and vegetable oils, fats, and waxes (1.5% vs 1.2%), chemical and chemical products (21.4% vs 4.4%), manufactured goods (3.6% vs 3%), and machinery and transport equipment (20.4% vs 16.4%). Additionally, prices declined at a slower pace for food and live animals (-2.7% vs -3.2%). Meanwhile, inflation eased for miscellaneous manufactured articles (7.1% vs 10.3%). On a monthly basis, the index rose 3.1% in April, following an upwardly revised 21% jump in March.