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

Key Highlights

Singapore Manufactured Products Price Index

The Singapore Manufactured Products Price Index (SMPPI) rose 2.5% month-on-month in Jul 2026, following declines of 0.2% and 0.7% in May 2026 and Jun 2026 respectively. The Oil index rebounded 4.3%, after declining in the previous two months, while the Non-oil index rose 2.2%, extending the increases seen in recent months.

On a year-on-year basis, the SMPPI rose 35.5% in Jul 2026, extending its upward trend and picking up from the 31.1% increase in Jun 2026. The Oil index continued to rise, increasing 39.6%. The Non-oil index rose 34.8%, extending its upward trend, with progressively stronger increases recorded in recent months.

Domestic Supply Price Index

The Domestic Supply Price Index (DSPI) rose 2.3% month-on-month in Jul 2026, following declines of 2.0% and 3.0% in May 2026 and Jun 2026 respectively. The Oil index increased 2.9%, rebounding after declines in the previous three months, while the Non-oil index rose 2.1%, extending the increases seen in recent months.

On a year-on-year basis, the DSPI rose 33.4% in Jul 2026, extending the increases seen in recent months. The Oil index continued to rise, increasing 46.4%. The Non-oil index rose 29.3%, extending its upward trend, with progressively stronger increases 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, including electronic integrated circuits. The increases in the SMPPI and DSPI Oil indices were mainly due to higher prices of petroleum and petroleum products, against the backdrop of the Middle East conflict.

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 c.i.f. 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, 2.3 MB] 

Excel File [XLS, 83 KB]