Manufactured-product prices jump 35.5% in July

The increase accelerated from June as petroleum and electronic-component prices rose.

Manufactured-product prices rose 35.5% YoY in July, accelerating from the 31.1% increase recorded in June, according to the Department of Statistics.

On a monthly basis, the Singapore Manufactured Products Price Index increased 2.5%, reversing declines of 0.2% in May and 0.7% in June.

The oil index rose 4.3% from the previous month and 39.6% from a year earlier. The increases were mainly driven by higher prices of petroleum and petroleum products amid the Middle East conflict.

Non-oil manufactured-product prices increased 2.2% MoM and 34.8% YoY.

Machinery and transport equipment made the largest contribution to both increases. The sub-index rose 4.3% month on month and 48% year on year, led by higher prices of electrical machinery such as electronic integrated circuits.

The monthly increase was partly offset by a 4.8% decline in chemicals and chemical products due to lower organic-chemical prices.

Meanwhile, Singapore’s Domestic Supply Price Index rose 2.3% MoM in July, reversing declines in the previous two months.

The index increased 33.4% from a year earlier. Domestic oil prices climbed 46.4%, whilst the non-oil index rose 29.3%.

Machinery and transport equipment was also the main driver of higher non-oil domestic supply prices, increasing 4% MoM and 42.3% YoY.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia