The Domestic Supply Price Index in Singapore jumped 25.4 percent from a year earlier in October 2021, accelerating from a 21.3 percent rise in the previous month. It was the highest producer price inflation since March 1980, as both mineral fuels prices (97.4% vs 77.7%) and crude materials excluded fuels (13.5% vs 12.9%) rose faster. Also, prices advanced more for manufactured goods (14.3% vs 14.0%), food & live animals (4.5% vs 3.2%), miscellaneous manufactured (1.9% vs 1.3%), animal & vegetable oils (51.7% vs 50.3%), beverages & tobacco (1.5% vs 0.3%), and chemicals (15.0% vs 14.0%). Meanwhile, prices of machinery & transport equipment continued to increase (5.5% vs 5.7%). source: Statistics Singapore

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 December of 2021.

Producer Prices Change in Singapore is expected to be 18.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Producer Prices Change is projected to trend around 2.50 percent in 2022, according to our econometric models.

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Singapore Producer Prices Change


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 05:00 AM Sep 21.3% 17.2% 13.7%
2021-11-29 05:00 AM Oct 25.4% 21.3% 22.1%
2021-12-29 05:00 AM Nov 25.4%


Related Last Previous Unit Reference
Inflation Rate 3.20 2.50 percent Oct/21
Inflation Rate Mom 0.30 0.40 percent Oct/21
Consumer Price Index CPI 102.95 102.66 points Oct/21
Core Consumer Prices 103.31 102.57 points Oct/21
GDP Deflator 107.38 106.75 points Sep/21
Producer Prices 103.26 101.08 points Oct/21
Export Prices 108.78 108.80 points Oct/21
Import Prices 109.15 109.10 points Oct/21
Food Inflation 1.70 1.60 percent Oct/21
Producer Prices Change 25.40 21.30 percent Oct/21
CPI Transportation 111.22 108.67 points Oct/21
CPI Housing Utilities 101.20 102.17 points Oct/21

News Stream
Singapore Producer Inflation Highest Since 1980
The Domestic Supply Price Index in Singapore jumped 25.4 percent from a year earlier in October 2021, accelerating from a 21.3 percent rise in the previous month. It was the highest producer price inflation since March 1980, as both mineral fuels prices (97.4% vs 77.7%) and crude materials excluded fuels (13.5% vs 12.9%) rose faster. Also, prices advanced more for manufactured goods (14.3% vs 14.0%), food & live animals (4.5% vs 3.2%), miscellaneous manufactured (1.9% vs 1.3%), animal & vegetable oils (51.7% vs 50.3%), beverages & tobacco (1.5% vs 0.3%), and chemicals (15.0% vs 14.0%). Meanwhile, prices of machinery & transport equipment continued to increase (5.5% vs 5.7%).
2021-11-29
Singapore Producer Prices Rise the Most Since 1980
The Domestic Supply Price Index in Singapore increased 21.3 percent from a year earlier in September 2021, accelerating from an upwardly revised 17.2 percent rise in the previous month. It was the highest producer price inflation since May 1980 , as mineral fuels prices rose faster (77.7% vs 56.9%), while crude materials excluded fuels prices continued to rise (12.9% vs 14.0%). Also, prices advanced more for manufactured goods (14.0% vs 12.7%), food & live animals (3.1% vs 2.8%), machinery & transport equipment (5.6% vs 5.0%), while miscellaneous manufactured price inflation was steady (at 1.3%). On the other hand, prices continued to increase for both animal & vegetable oils (50.3% vs 53.0%) and of beverages & tobacco (0.3% vs 0.7%).
2021-10-29
Singapore Producer Prices Rise at Softer Pace
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%).
2021-09-29

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.