Singapore’s Domestic Supply Price Index grew by 2.9% year-on-year in October 2025, easing from a 3.7% gain in the previous month. This marked the third consecutive month of producer inflation, albeit at a softer pace, as costs moderated for food and live animals (1.1% vs 1.2% in September). At the same time, prices fell for crude materials excluding fuels (-0.3% vs 2.9%), and declined further for mineral fuels, lubricants, and related materials (-9.0% vs -4.9%) as well as chemicals and chemical products (-6.3% vs -5.7%). In contrast, costs rose for beverages and tobacco (3.3% vs 2.2%), miscellaneous manufactured articles (15.1% vs 13.8%), and machinery and transport equipment (10.7% vs 10.1%), while prices recovered for manufactured goods (0.6% vs -0.4%). On a monthly basis, the Domestic Supply Price Index increased by 0.3%, slowing from a 0.6% growth in the preceding period.