The Domestic Supply Price Index in Singapore dropped 2.8% year-on-year in February 2024, slightly lower from a downwardly revised 2.7% decline in the previous month. Prices continued to fall for crude materials (-8.4% vs -9.2% in January), mineral fuels (-5.6% vs -6.9%), animal & vegetable oils, fats & waxes (-3.5% vs -2.9%), chemicals & chemical products (-1.7% vs -2.3%), manufactured goods (-3% vs -3.3%), and machinery & transport equipment (-2.4% vs -1.7%). Meanwhile, prices accelerated for food & live animals (2.1% vs 1.9%), beverages & tobacco (0.8% vs 0.4%), and miscellaneous manufactured articles (0.1% vs -0.3%). On a monthly basis, domestic supply prices went down 0.1%, following a 0.3% drop in January. source: Statistics Singapore

Producer Prices in Singapore decreased 2.80 percent in February of 2024 over the same month in the previous year. Producer Prices Change in Singapore averaged 1.05 percent from 1975 until 2024, reaching an all time high of 31.50 percent in May of 2022 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 Domestic Supply Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.

Producer Prices in Singapore decreased 2.80 percent in February of 2024 over the same month in the previous year. Producer Prices Change in Singapore is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Domestic Supply Prices YoY is projected to trend around 2.40 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-29 05:00 AM
PPI YoY
Jan -3% 0.9% 0.3%
2024-03-28 05:00 AM
PPI YoY
Feb -2.8% -2.7% 0.9%
2024-04-29 05:00 AM
PPI YoY
Mar -2.8% 4.2%


Related Last Previous Unit Reference
CPI 115.66 115.77 points Mar 2024
Core Consumer Prices 116.03 116.23 points Mar 2024
CPI Housing Utilities 114.56 114.31 points Mar 2024
CPI Transportation 132.98 133.14 points Mar 2024
Export Prices 99.42 97.30 points Feb 2024
Food Inflation 3.00 3.80 percent Mar 2024
GDP Deflator 128.47 126.48 points Dec 2023
Import Prices 97.32 97.49 points Feb 2024
Inflation Rate YoY 2.70 3.40 percent Mar 2024
Inflation Rate MoM -0.10 1.00 percent Mar 2024
Producer Prices 98.90 98.98 points Feb 2024
PPI YoY -2.80 -2.70 percent Feb 2024

Singapore Domestic Supply Prices YoY
In Singapore, Domestic Supply Price Index measures the change in prices of imported and locally manufactured product retained for use in the economy.
Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -2.70 31.50 -22.20 1975 - 2024 percent Monthly
2023=100, NSA

News Stream
Singapore Producer Prices Drop 2.8% in February
The Domestic Supply Price Index in Singapore dropped 2.8% year-on-year in February 2024, slightly lower from a downwardly revised 2.7% decline in the previous month. Prices continued to fall for crude materials (-8.4% vs -9.2% in January), mineral fuels (-5.6% vs -6.9%), animal & vegetable oils, fats & waxes (-3.5% vs -2.9%), chemicals & chemical products (-1.7% vs -2.3%), manufactured goods (-3% vs -3.3%), and machinery & transport equipment (-2.4% vs -1.7%). Meanwhile, prices accelerated for food & live animals (2.1% vs 1.9%), beverages & tobacco (0.8% vs 0.4%), and miscellaneous manufactured articles (0.1% vs -0.3%). On a monthly basis, domestic supply prices went down 0.1%, following a 0.3% drop in January.
2024-03-28
Singapore Producer Prices Fall 3% in January
The Domestic Supply Price Index in Singapore dropped 3% year-on-year in January 2024, following a revised 0.9% rise in the previous month. Prices declined for crude materials (9.3% vs -4.7% in December 2023), mineral fuels (-6.9% vs 4.5%), machinery & transport equipment (-2% vs -0.4%), and miscellaneous manufactured articles (-0.3% vs 1.8%). Meanwhile, costs decreased at a softer pace for animal & vegetable oils, fats & waxes (-3.6% vs -11.4%), chemicals & chemical products (-2.8% vs -3.5%), and manufactured goods (-3.3% vs -3.6%). At the same time, prices rebounded for food & live animals (1.4% vs -0.2%), while slowed for beverages & tobacco (0.4% vs 2.3%). On a monthly basis, domestic supply prices fell 0.6% in January, following a revised 1% drop in the prior month.
2024-02-29
Singapore Producer Prices Drop at Softer Pace
The Domestic Supply Price Index in Singapore fell 1.1% year-on-year in December 2023, marking a year of deflation, although easing from November’s 2.9% drop. Prices decreased at a slower pace for food & live animals (-0.6% vs -1.3% in November), crude materials (-3.9% vs -5.4%), animal & vegetable oils, fats & waxes (-15.5% vs -17.6%), chemicals & chemical products (-3.5% vs -3.9%), manufactured goods (-3.5% vs -4.1%), and machinery & transport equipment (-2.9% vs -3.2%). At the same time, costs rebounded for mineral fuels (2.3% vs -3.1%), while prices increased further for beverages & tobacco (2.1% vs 1.5%) and miscellaneous manufactured articles (2.7% vs 2.2%). On a monthly basis, domestic supply prices tumbled 2.6% in December, following a 3.1% decline in the previous month.
2024-01-29