Singapore Producer Inflation At 6-Month High

Singapore’s Domestic Supply Price Index grew by 3.7% year-on-year in September 2025, accelerating from a 1.1% rise in the previous month. This marked the highest producer inflation since March, as prices rose for food and live animals (1.2% vs 0.6% in August) and miscellaneous manufactured articles (13.8% vs 12.4%), while costs recovered for crude materials excluding fuels (2.9% vs -3.0%). At the same time, declines eased for mineral fuels, lubricants, and related materials (-4.9% vs -12.7%), chemicals and chemical products (-5.7% vs -8.1%), and manufactured goods (-0.4% vs -1.6%). On the other hand, price growth moderated for beverages and tobacco (2.2% vs 2.3%), animal and vegetable oils, fats, and waxes (4.3% vs 7.1%), and machinery and transport equipment (10.1% vs 10.7%). On a monthly basis, the Domestic Supply Price Index grew 0.6%, following a 0.2% gain in the previous month.