Singapore: Wholesale price index (2010 = 100)

Key figures

What the numbers say

In 2023, Singapore's wholesale price index (2010 = 100) fell 7.46 on 2022 (from 111.08 to 103.63).

Across the 30 yearly changes before that (1993 to 2022), the average change was +0.86 and a typical year strayed about 7.14 from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 17.47 in 1980 and the biggest yearly fall was 15.69 in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 17% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

What this measures

Index of prices of a mix of agricultural and industrial goods at various stages of production and distribution, including import duties, as compared to a certain reference period (2010=100).

All 50 values

Wholesale price index (2010 = 100) in nearby economies

• Indonesia — 96.49 (2018)
• Philippines — 132.25 (2021)

More financial sector data for Singapore

• Consumer price index (2010 = 100) — 134.36 (2025)
• GDP deflator (base year varies by country) — 132.95 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1.31 (2025)
• Official exchange rate (LCU per US$, period average) — US$1.31 (2025)
• Inflation, consumer prices (annual % growth) — 0.9% (2025)
• Inflation, GDP deflator (annual % growth) — -1.8% (2025)
• Domestic credit to private sector by banks (% of GDP) — 128.43% (2020)
• Net domestic credit (current LCU) — 701.01 billion (2020)
• Net foreign assets (current LCU) — 407.83 billion (2020)

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Questions people ask

What is Singapore's wholesale price index (2010 = 100)?

103.63 in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is up 48.33% from 69.86 in 1974 (0.81% a year on average, compounded). The highest value was 111.08 in 2022 and the lowest 68.82 in 1975.

Is the latest change in wholesale price index (2010 = 100) unusual for Singapore?

In 2023, Singapore's wholesale price index (2010 = 100) fell 7.46 on 2022 (from 111.08 to 103.63). Across the 30 yearly changes before that (1993 to 2022), the average change was +0.86 and a typical year strayed about 7.14 from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator FP.WPI.TOTL, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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