Singapore’s producer prices increased for the second straight month in January, figures from the Department of Statistics showed Tuesday.
The manufactured products price index rose sharply by 9.0 percent year-over-year in January, faster than the 5.6 percent climb in December.
The oil and non-oil indices grew 54.8 percent and 3.4 percent, respectively in January from a year ago.
The domestic supply price index went up 14.5 percent annually and by 4.6 percent monthly in January.
Month-on-month, producer prices increased 0.9 percent from December, when it rose by 4.3 percent.
Data also revealed that import prices grew 11.3 percent yearly in January, well above the 8.8 percent spike in the prior month.
Similarly, export prices climbed 6.1 percent in January from a year earlier, higher than the 4.1 percent increase in December.
by RTT Staff Writer
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