FX.co ★ Singapore Producer Prices Fall For 1st Time in 5 Months

In December 2025, Singapore's Domestic Supply Price Index experienced a year-on-year decrease of 3.3%, following a revised 2.8% rise the previous month. This decline signifies the first drop in producer prices in five months and the most significant since June. The reduction was primarily fueled by notable decreases in costs for mineral fuels, which fell by 11.7% (compared to a 4.9% decline in November), chemicals and chemical products, which dropped by 7.9% (down from a 6.9% decrease), and machinery and transport equipment, which fell by 1.4% (versus a 7.8% increase). Meanwhile, producer inflation showed signs of moderation in categories such as animal and vegetable oils, fats and waxes, which saw inflation rates of 2.1% compared to 8% previously, and miscellaneous manufactured articles, which eased to 15.8% from 16.1%. Conversely, price increases were observed in beverages and tobacco, rising to 4.2% from 3.5%, and crude materials, which climbed to 4% from 2.3%. On a month-to-month basis, the Domestic Supply Price Index declined by 1.7% in December, a reversal from the upwardly revised gain of 0.6% recorded in the prior period.