Singapore Manufactured Product Prices Rise In February

Singapore's manufactured products price index jumped 6.6% year-on-year in February, slowing from the 6.8% increase in the previous month, the Department of Statistics reported on Monday.

The oil index grew by 43.6%, while the non-oil index slid 1.7%.

On a monthly basis, manufactured product prices fell 0.3%, in contrast to the 0.9% gain registered in January.

The statistical office also said that the domestic supply price index grew 11.4% annually in February, after rising 12.7% in January.

Month-on-month, the domestic supply price index was down 0.2%.

by RTTNews Staff Writer

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