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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Import Prices YoY climbed to 18.4% in April 2026
FMPMonthlyReleased May 2026
Singapore Import Prices YoY climbed to 18.4% in April 2026, released May 2026, up 1.3% from March's 17.1% reading. The print exceeded the 13.3% consensus by 5.1%. Import Prices YoY has now risen for 4 consecutive months. Over the past 3 months, Import Prices YoY averaged 4.85%, vs -2.73% in the prior 3-month window. Import Prices YoY is now the highest in 36 months.
Latest Release
18.4
Actual
13.3
Consensus
17.1
Previous
Median Absolute Error
±2.7 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 13.55
Actual: 18.4
Error: -4.85
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.50 | FOREX | Bullish SGD | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Import Prices YoY (Singapore) was reported at 18.4% in May 2026. This beat the market consensus of 13.3% by 5.1%. The reading rose from the previous value of 17.1%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -1.7%, ranging from -8.1% to 18.4% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 4.43%, up from the prior three at -2.3%. Volatility over the past year (σ 6.74%) is higher than the prior year (σ 2.54%). In May readings over the past 3 years, Import Prices YoY has averaged 2.93%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 2.7%.
WHAT TO WATCH NEXT
The next release is scheduled for June 26, 2026. Same-country events in the next 14 days include CPI YoY (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Import Prices YoY - SG
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About Import Prices YoY — Singapore
DEFINITION
Import Prices YoY is a financial indicator that measures the change in the prices of goods and services imported into a country over a period of one year. This indicator is used to track the impact of international trade on a country's economy and can provide valuable insights into inflation and the strength of the domestic currency. It is closely monitored by policymakers, investors, and businesses to assess the competitiveness of a country's imports and its overall economic health.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 18.4 %, consensus 13.3 %. Prior reading (Mar 2026): 11.1 %. Before that (Feb 2026): -1.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.