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.