Import prices in Singapore declined by 6.1% year-on-year in July 2025, easing from a downwardly revised 6.4% fall in the previous month. Prices fell at a slower pace for mineral fuels, lubricants, and related materials (-17.7% vs -19% in June), chemicals and chemical products (-5.6% vs -5.8%), and manufactured goods (-3.4% vs -3.6%). Additionally, costs rebounded for animal and vegetable oils, fats, and waxes, increasing by 4.5% from a 7.4% drop in the previous month, while it continued to rise for crude materials excluding fuels (6.6% vs 4.6%) and beverages and tobacco (3.8% vs 3.2%). In contrast, prices moderated for food and live animals (1.7% vs 3.3%) and miscellaneous manufactured articles (5% vs 5.6%). source: Statistics Singapore
Import Prices YoY in Singapore averaged 0.52 percent from 1975 until 2025, reaching an all time high of 26.90 percent in May of 2022 and a record low of -17.40 percent in January of 2015. This page includes a chart with historical data for Singapore Import Prices YoY. Singapore Import Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.
Import Prices YoY in Singapore is expected to be -5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Import Prices YoY is projected to trend around 2.10 percent in 2026 and 2.00 percent in 2027, according to our econometric models.