Singapore Manufactured Products & Domestic Supply Price Indices (2023=100), Aug 2026

Key Highlights

Singapore Manufactured Products Price Index

The Singapore Manufactured Products Price Index (SMPPI) rose 4.4% month-on-month in Aug 2026, following the 2.4% increase in Jul 2026. The Oil index rose 3.8%, extending the 4.4% increase in the previous month. The Non-oil index increased 4.5% in Aug 2026, up from the 2.1% increase in Jul 2026, continuing the increases seen in recent months.

On a year-on-year basis, the SMPPI rose 40.1% in Aug 2026, up from the 35.4% increase in Jul 2026. The Oil index continued to rise, increasing 48.2%. The Non-oil index rose 38.9%, marking a further increase from preceding months.

Domestic Supply Price Index

The Domestic Supply Price Index (DSPI) rose 4.1% month-on-month in Aug 2026, extending the 2.4% increase in Jul 2026. The Oil index increased 4.7%, up from the 3.2% increase in Jul 2026, following three consecutive months of decline from Apr to Jun 2026. The Non-oil index rose 3.9%, up from the 2.1% increase in Jul 2026.

On a year-on-year basis, the DSPI rose 38.8% in Aug 2026, extending the increases seen in recent months. The Oil index continued to rise, increasing 57.4%, up from the 56.8% gain in Jul 2026. The Non-oil index rose 33.0%, following the 29.3% increase in Jul 2026, with progressively stronger growth recorded in recent months.

The month-on-month and year-on-year increases in the SMPPI and DSPI Non-oil indices were mainly driven by higher prices of electrical machinery apparatus, such as electronic integrated circuits.

About this Publication

The Singapore Manufactured Products Price Index (SMPPI) monitors price changes of locally manufactured commodities. The weights of the index are derived from the distribution of local production by commodity in 2022. Ex-factory prices are obtained from principal manufacturers of the items concerned.

The Domestic Supply Price Index (DSPI) is designed to measure the changes in the price level of either goods manufactured locally or imported, which are retained for use in the domestic economy by the government, business or household sectors. For imported products, the prices refer to those paid by importers in bringing the goods into Singapore, commonly referred to as CIF prices. In the case of Singapore manufactured products, the quotations used are ex-factory prices. The weight for each commodity item is proportional to the value of its total supply or availability in the domestic market in 2022.

The 2023-based series is compiled using the 'modified Laspeyres' formula where the weight reference period of 2022 preceded the price reference period of 2023.

Links to Resources

Full Report [PDF, 2.5 MB] 

Excel File [XLS, 83 KB]