FX.co ★ Singapore Producer Prices Rise the Least in 3 Months

In November 2025, Singapore witnessed a 2.2% rise in the Domestic Supply Price Index compared to the same period the previous year. This was a deceleration from the revised 3.1% growth recorded in October. Still reflecting four months of continuous producer inflation, this rate represented the slowest increase since August. The slowdown was attributed to reduced price growth in food and live animals (0.9%, down from 1.2% in October), machinery and transport equipment (7.8% vs. 11.0%), and manufactured goods (0.1% vs. 0.6%). In contrast, costs rose for beverages and tobacco (3.5% vs. 3.1%), miscellaneous manufactured articles (16.3% vs. 15.4%), and animal and vegetable oils, fats & waxes (8.0% vs. 2.1%). The price of crude materials excluding fuels also rebounded (2.9% vs. a previous decline of 0.3%). On the other hand, the cost of mineral fuels, lubricants, and related materials continued its downward trajectory (-7.2% vs. -9.0%), as did chemicals and chemical products (-6.9% vs. -6.2%). Month-over-month, the index remained steady, following a 0.5% uptick previously registered, after revisions.