FX.co ★ Singapore Producer Inflation Eases in October

In October 2025, Singapore's Domestic Supply Price Index experienced a 2.9% year-on-year increase, showing a slight reduction from the 3.7% rise observed in September. This marked the third consecutive month of producer inflation, though at a diminished rate, as the costs for food and live animals moderated to 1.1% from 1.2% in the previous month. Concurrently, the prices for crude materials excluding fuels decreased by 0.3%, contrasting with the 2.9% increase seen earlier. Additionally, the decline in prices for mineral fuels, lubricants, and related materials accelerated to -9.0% from -4.9%, while the prices for chemicals and chemical products also fell further to -6.3% from -5.7%. Conversely, costs rose for beverages and tobacco, up to 3.3% from 2.2%, for miscellaneous manufactured articles which increased to 15.1% from 13.8%, and for machinery and transport equipment, which grew to 10.7% from 10.1%. Moreover, prices for manufactured goods showed a recovery, rising to 0.6% from a decline of -0.4%. On a monthly comparison, the Domestic Supply Price Index saw a 0.3% increase, a slowdown from the 0.6% growth recorded in the previous period.