Singapore's output price inflation eased in December, data from the Department of Statistics showed Friday.
The manufactured product price index rose 5.3 percent year-on-year, slower than the 7.9 percent gain in the preceding month. The oil and non-oil indices climbed 17.5 percent and 0.7 percent, respectively.
On a monthly basis, manufactured product prices remained unchanged in December, following the 0.2 percent decline in November
Compared to a year ago, manufactured products prices went up 5.3 percent in 2011, higher than the 1.7 percent rise logged in 2010.
Domestic supply prices dropped 0.8 percent from a month ago, following the 1.1 percent gain recorded in the preceding month. Annually, the index rose further by 7.9 percent, but slower than the 11.7 percent increase in November.
In 2011 as a whole, growth in domestic supply prices accelerated to 8.4 percent from 4.7 percent in 2010.
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