Singapore's producer prices declined for the second successive month in January, figures from the Department of Statistics showed Wednesday.
The manufactured product price index dropped 1.9 percent year-over-year in January, faster than the 0.6 percent fall in December.
The domestic supply price index decreased 0.3 percent annually in January, while it rose 0.5 percent from a month ago.
On a monthly basis, producer prices declined 0.5 percent in January, reversing a 0.8 rise in December.
Data also revealed that import prices slid 0.3 percent yearly in January, following a 0.4 percent drop in the preceding month.
Export prices dipped 2.3 percent over the prior year, after a 2.4 percent fall in December.
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