Singapore: Producer Inflation Hits New Record High.

Singapore’s Domestic Supply Price Index surged 48% year-on-year in September 2026, accelerating from a 38.8% gain in August and hitting a new all-time high. Prices increased at a faster pace for mineral fuels, lubricants, and related materials (78.9% vs 57.4% in August), machinery and transport equipment (55.5% vs 47.7%), and chemicals and chemical products (17.0% vs 13.8%). Offsetting the top-line spike, cost pressures moderated for miscellaneous manufactured articles (5.3% vs 5.8%), manufactured goods (4.6% vs 4.9%), beverages and tobacco (3.7% vs 4.3%), animal and vegetable oils, fats, and waxes (3.7% vs 4.3%), and crude materials (18.2% vs 20.2%). Moreover, food and live animals saw deflation deepen (-2.0% vs -1.4%). On a monthly basis, domestic supply prices climbed 7.3% month-on-month in September, picking up from August's 4.1%.