FX.co ★ Singapore Producer Prices Fall for 3rd Month

Singapore's Domestic Supply Price Index saw a year-on-year decrease of 3.7% in June 2025. This follows a 3.9% decline in May, marking the third month in a row of contraction. The downturn was primarily attributed to falling prices across several categories. Significant declines were observed in fuels, which dropped by 18.3% compared to a 23.5% decrease in May, chemicals and chemical products down by 8.9% from 8.8%, manufactured goods fell by 2.8% against 2.7%, and animal and vegetable oils, fats, and waxes decreased by 4.4% from 2.9%. On the other hand, there were price increases in machinery and transport equipment, which rose by 3.9% compared to 7.4%, food and live animals up by 2.3% against 3.1%, beverages and tobacco increased by 0.6% from 1.1%, and miscellaneous manufactured goods surged by 10.8% as opposed to 7.7%. Crude materials also showed a rebound, climbing by 2.8% from a previous decline of 1.3%. On a month-to-month basis, the index improved by 0.3%, recovering from a significant 3.5% drop in May.