Import & Export Price Indices (2023=100), Aug 2026

Key Highlights

Import Price Index

The Import Price Index (IPI) rose 1.6% month-on-month in Aug 2026, extending the 0.9% increase in Jul 2026 and marking a second consecutive month of gains. The Oil index increased 4.8%, accelerating from the 1.9% rise in Jul 2026. The Non-oil index rose 0.4%, continuing its recent run of monthly increases of less than 1%.

On a year-on-year basis, the IPI rose 15.6% in Aug 2026, up from the 13.5% increase in Jul 2026. The Oil index rose 56.6%, up from the 45.8% increase in Jul 2026. The Non-oil index rose 4.8%, unchanged from the increase in July 2026, following a gradual pick-up in the preceding months.

Export Price Index

The Export Price Index (EPI) rose 1.9% month-on-month in Aug 2026, its first increase in four months. The Oil index increased 7.1%, accelerating from the 0.7% rise in Jul 2026. The Non-oil index rose 0.3%, reversing the 0.2% dip in the previous month.

On a year-on-year basis, the EPI rose 15.2% in Aug 2026, up from the 13.1% increase in Jul 2026. The Oil index continued to rise, increasing 51.6%. The Non-oil index rose 7.2%, similar to the 7.3% increase in Jul 2026.

The month-on-month and year-on-year increases in the IPI and EPI Oil indices were mainly due to higher prices of petroleum and petroleum products. The increases in the IPI and EPI Non-oil indices were mainly due to higher prices of electrical machinery apparatus such as electronic integrated circuits. Higher prices of Miscellaneous Manufactured Articles, particularly jewellery, also contributed to both the month-on-month and year-on-year increases in the IPI Non-oil index.

About this Publication

The Import Price Index (IPI) is used primarily as an indicator to track the price trends of imported goods into Singapore. Prices of imports, valued at CIF terms (cost, insurance and freight) are obtained monthly from major importers. The weighting pattern of the index is derived from import statistics for 2023.

The Export Price Index (EPI) measures changes in the price of all exports of merchandise from Singapore, including re-exports. In general, prices are obtained from major exporters of the selected commodities. Prices used in the index computation, are the prices of goods that physically leave Singapore’s main ports of export; also termed as Free on Board (FOB) prices. The weights of the index are derived from the distribution of export by commodity in 2023.

The 2023-based series is compiled using the Laspeyres formula where the price and weight reference periods are aligned to the year 2023.

Links to Resources

Full Report [PDF, 2.6 MB] 

Excel File [XLS, 68 KB]