The Singapore Department of Statistics has reported a mixed performance in its latest price indices for July 2025. The Import Price Index rose by 0.5% compared to June 2025, whilst the Export Price Index, Singapore Manufactured Products Price Index, and Domestic Supply Price Index each fell by 0.5%, 0.9%, and 0.5% respectively. Excluding oil, the declines were more pronounced, with the Export, Singapore Manufactured Products, and Domestic Supply Price indices dropping by 0.8%, 1.3%, and 1.1% respectively, whilst the Import Price Index saw a smaller rise of 0.3%.
These indices are crucial as they reflect the cost changes in goods that Singapore imports and exports, influencing trade balances and economic planning. The rise in import prices suggests increased costs for goods entering the country, which could impact consumer prices and inflation. Conversely, the decline in export prices may affect the competitiveness of Singaporean goods in the global market.
Detailed statistics are available in the Monthly Import and Export Price Indices and the Monthly Singapore Manufactured Products and Domestic Supply Price Indices, accessible via the SingStat Table Builder. The Department has also enhanced its SingStat Mobile App with new features, encouraging users to update or download the app for the latest statistical insights. For more updates, the Department invites the public to follow their Instagram account, @singstat_dos, for bite-sized statistical information.
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