FX.co ★ Singapore Producer Inflation Hit 5-Month High

In August 2025, Singapore's Domestic Supply Price Index experienced a year-on-year increase of 1.1%, recovering from a 2.4% decline in the preceding month. This indicates the first occurrence of producer inflation since March 2025. Notable price increases were observed in the categories of beverages and tobacco, which rose by 2.3% compared to 0.9% in July, as well as in animal and vegetable oils, fats, and waxes, which surged by 8.3% from 6.2%. Machinery and transport equipment prices jumped by 10.7% from 6.8%, while miscellaneous manufactured articles increased by 12.4% from 9.7%. Concurrently, the rate of decline in prices for mineral fuels, lubricants, and related materials lessened to -12.7% from -17.0%, and to a lesser degree for manufactured goods—now at -1.6%, compared to -2.7% previously. Conversely, there was a slowdown in price growth for food and live animals, with the rate dropping to 0.5% from 0.8%. Notably, costs for crude materials fell by -2.9% compared to an earlier increase of 1.8%. From a month-to-month perspective, the index increased by 0.2% in August, rebounding from a 0.5% decline in July.