Financial News: Singapore Producer Prices Rise 3.3%

Singapore Producer Prices Rise 3.3%

04/29/2025 - 03:14:00 (RTTNews)

(RTTNews) - Singapore's producer prices increased for the fourth straight month in March, though at a slower pace than in the previous two months, data from the Department of Statistics showed on Tuesday.

The manufacturing producer price index rose 3.3 percent year-on-year in March, slower than the 6.0 percent increase in February.

The non-oil index climbed 6.0 percent annually in February, while the oil index declined by 10.9 percent.

The increase in the non-oil index was mainly driven by the machinery and transport equipment index, attributed to higher prices of electrical machinery apparatus, as well as the food and live animals, miscellaneous manufactured articles, crude materials, and animal and vegetable oils indices.

Domestic supply prices were 3.9 percent higher in March than a year ago, after a 5.5 percent gain in the prior month.

On a monthly basis, producer prices decreased 2.2 percent in March, following a 0.1 percent drop in February.

Data also showed that the import price index decreased 4.0 percent over the year versus a 3.4 percent decline in the previous month. The index has been falling since February 2024.

Similarly, the annual decline in export prices deepened to 5.1 percent from 3.5 percent a month ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Rate Decision Due On Tuesday (02 hr(s), 05 min(s), 19 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story»

U.S. Leading Economic Index Slumps More Than Expected In April (09 hr(s), 54 min(s), 19 sec(s) ago)
(RTTNews) - The Conference Board released a report on Monday showing its reading on leading U.S. e ...Full Story»

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU (11 hr(s), 02 min(s), 19 sec(s) ago)
(RTTNews) - Eurozone economic growth outlook was downgraded substantially for 2025 due to the impa ...Full Story»

Malta HICP Inflation Rises To 2.6% (11 hr(s), 37 min(s), 19 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation accelerated further in April to the highest level ...Full Story»

Eurozone Inflation Steady At 2.2% (14 hr(s), 27 min(s), 19 sec(s) ago)
(RTTNews) - Eurozone consumer prices logged a steady growth in April, final data from Eurostat sho ...Full Story»

Spain Trade Gap Widens In March (14 hr(s), 57 min(s), 19 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in March from a year ago, as impor ...Full Story»

Slovakia HICP Inflation Eases To 3.9% (15 hr(s), 48 min(s), 19 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation eased in April to the lowest level in four mont ...Full Story»

Austria Inflation Confirmed At 3.1% (16 hr(s), 19 min(s), 19 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose slightly as initially estimated in April, ...Full Story»