Singapore Producer Prices Inflation Accelerates In December

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Singapore's manufactured products price index jumped 6.9% year-on-year in December, accelerating from the 2% increase in the previous month, the Department of Statistics reported on Friday. The oil index grew by 49.7%, while the non-oil index slid 2.1%.

On a monthly basis, manufactured product prices fell 0.4%, reversing some of the 1.3% increase in the preceding month.

The statistical office also said that the domestic supply price index grew 12.7% annually in December after rising 6% in November. Month-on-month, the domestic supply price index was down 0.1%.

Singapore's manufactured products price index jumped 6.9% year-on-year in December, accelerating from the 2% increase in the previous month, the Department of Statistics reported on Friday. The oil index grew by 49.7%, while the non-oil index slid 2.1%. (Market News Provided by RTTNews)