Manufactured product prices rise 6.7% in April

Domestic supply prices also increased, though at a slower monthly pace than in March.

The Manufactured Products Price Index rose 6.7% MoM in April 2026, following an 11.2% increase in March, according to the Department of Statistics.

The oil index increased 4.1%, easing from the 61.1% rise in the previous month. The non-oil index rose 7.3%, extending the 4.4% increase recorded in March.

The rise in non-oil manufactured product prices was driven mainly by machinery and transport equipment, led by higher prices of electrical machinery apparatus. Chemicals and chemical products, miscellaneous manufactured articles, crude materials, manufactured goods, animal and vegetable oils, and beverages and tobacco also contributed to the increase.

On a year-on-year basis, the manufactured products price index rose 27.5% in April, extending the 20.2% increase in March. The oil index surged 69.2%, whilst the non-oil index rose 21.4%.

Meanwhile, Singapore’s Domestic Supply Price Index rose 3.1% MoM in April, moderating from a 21.0% increase in March.

The domestic supply oil index fell 1.6%, reversing from an 82.8% increase in the previous month. The non-oil index rose 5.4%, continuing the 3.5% increase in March.

Year-on-year, domestic supply prices rose 31.6% in April, after a 26.7% increase in March. The annual gain was driven by a 79.3% surge in the oil index and a 17.1% increase in the non-oil index.