Singapore Producer Prices Fall for 3rd Month

Singapore’s Domestic Supply Price Index dropped 3.7% year-on-year in June 2025, following a 3.9% decline in May, marking the third consecutive month of contraction. The downturn was driven by price drops across several categories. Notable declines included fuels (-18.3% vs -23.5% in May), chemicals and chemical products (-8.9% vs -8.8%), manufactured goods (-2.8% vs -2.7%), and animal and vegetable oils, fats, and waxes (-4.4% vs -2.9%). By contrast, prices increased for machinery and transport equipment (3.9% vs 7.4%), food and live animals (2.3% vs 3.1%), beverages and tobacco (0.6% vs 1.1%), miscellaneous manufactured goods (10.8% vs 7.7%), while rebounding for crude materials (2.8% vs -1.3%). On a monthly basis, the index rose 0.3%, recovering from a 3.5% drop in May.