Published:29 Oct 2026
Frequency:Monthly
ISSN:2591-7463
Key Highlights
Import Price Index
On a month-on-month basis, the Import Price Index (IPI) rose 4.7% in Sep 2026, its third consecutive monthly increase and a larger gain than the 0.9% and 1.6% increases in Jul 2026 and Aug 2026 respectively. The Oil index climbed 16.1%, accelerating from the 4.8% increase in Aug 2026. The Non-oil index rose 0.2%, continuing the modest increases in recent months.
On a year-on-year basis, the IPI rose 19.9% in Sep 2026, up from the 15.5% increase in Aug 2026. The Oil index continued to rise, increasing 78.5% in Sep 2026, up from the 56.6% increase in Aug 2026. The Non-oil index rose 4.4%, slightly easing from the 4.8% increase in Aug 2026.
Export Price Index
On a month-on-month basis, the Export Price Index (EPI) rose 3.6% in Sep 2026, picking up from the 1.9% increase in Aug 2026 and marking the second consecutive month of increase. The Oil index climbed 12.7%, extending its gains for the third consecutive month. The Non-oil index increased 0.9%, picking up from the 0.4% rise in Aug 2026.
On a year-on-year basis, the EPI rose 19.4% in Sep 2026, its largest increase in recent months and up from the 15.2% increase in Aug 2026. The Oil index rose 69.9% in Sep 2026, accelerating from the 51.6% increase in Aug 2026. The Non-oil index increased 8.3% in Sep 2026, up from the 7.3% increase in Aug 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.
About this Publication
The Import Price Index (IPI) is used primarily as an indicator to track the price trends of imported commodities 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 commodities 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 [XLSX, 42.2 KB]
The Singapore Manufactured Products and Domestic Supply Price Indices rose 5.3% and 7.3% respectively in Sep 2026 over Aug 2026.
The Import and Export Price Indices rose 1.6% and 1.9% respectively in Aug 2026 over Jul 2026.
Explore trends in the monthly and yearly Import Price Indices by Commodity Section.
Explore trends in the monthly and yearly Export Price Indices by Commodity Section.