The Domestic Supply Price Index in Singapore rose by a fresh record peak of 31.4 percent from a year earlier in May 2022, after an upwardly revised 30.0 percent rise in the previous month. Prices of both mineral fuels (83.4% vs 83.0%) and crude materials excluded fuels (11.3% vs 9.4% in April) increased faster, amid soaring commodity prices. Additional upward pressures also came from prices of beverages & tobacco (9.3% vs 8.8%), machinery & transport (13.6% vs 11.1%), food & live animals (9.0% vs 8.3%), manufactured goods (12.2% vs 13.0%), miscellaneous manufactured (5.0% vs 5.3%), animal & vegetable oils (33.5% vs 36.1%), and chemicals (12.2% vs 13.4%). 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 June of 2022.
Producer Prices Change in Singapore is expected to be 26.50 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 5.50 percent in 2022 and 2.50 percent in 2023, according to our econometric models.