Singapore Manufactured Product Prices Jump 47.5 Percent Year-on-Year
The Department of Statistics reported significant increases in Singapore's manufactured product and domestic supply prices for September, driven by rising petroleum and electronics costs.
The Department of Statistics reported a sharp increase in Singapore's manufactured product and domestic supply prices for September. Data released on October 29 shows the Singapore Manufactured Products Price Index rose 5.3 percent month-on-month and 47.5 percent year-on-year.
Parallel increases occurred in the Domestic Supply Price Index, which climbed 7.3 percent month-on-month and 48 percent year-on-year. These price hikes were primarily driven by rising costs for petroleum and petroleum products, alongside electrical machinery apparatus, including electronic integrated circuits.
