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%). 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 September of 2021.
Producer Prices Change in Singapore is expected to be 10.80 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 3.50 in 12 months time. In the long-term, the Singapore Producer Prices Change is projected to trend around 2.50 percent in 2022, according to our econometric models.