The Singapore Manufactured Products Price Index rose by 6.7% in April 2026 compared to March 2026, whilst the Domestic Supply Price Index increased by 3.1%, according to the Department of Statistics, Ministry of Trade & Industry. Excluding oil, the indices saw even larger gains of 7.3% and 5.4% respectively.
The rise in the Manufactured Products Price Index was driven by higher prices in the Machinery & Transport Equipment sector, particularly electrical machinery apparatus, alongside Chemicals & Chemical Products, Miscellaneous Manufactured Articles, and other categories. However, this was partially offset by a decrease in the Food & Live Animals index.
Year-on-year, the Manufactured Products Price Index surged by 27.5%, with the Oil index spiking 69.2% and the Non-oil index rising 21.4%. The Domestic Supply Price Index also saw a significant year-on-year increase of 31.6%, with the Oil index up 79.3% and the Non-oil index up 17.1%.
The Domestic Supply Price Index’s monthly increase was similarly attributed to the Machinery & Transport Equipment sector, with additional contributions from Chemicals & Chemical Products and other categories. The Food & Live Animals index again saw a decline, moderating the overall rise.
These indices are crucial as they reflect the price changes of locally manufactured commodities and goods retained for domestic use, impacting various sectors of the economy. The continued rise in these indices suggests ongoing inflationary pressures within Singapore’s manufacturing and supply sectors.
