Singapore Producer Prices Decline In March

April 29, 2020

Singapore’s producer prices declined at a faster rate in March, data from the Department of Statistics showed on Wednesday.

The manufactured products price index fell 5.6 percent year-on-year in March, following a 2.1 percent decline in February.

The oil index fell 45.1 percent annually in March, while non-oil index rose 0.7 percent.

On a monthly basis, producer prices fell 2.1 percent in March, following a 0.1 percent decrease in the preceding month.

Another report from the statistical office showed that the import prices fell 8.3 percent annually in March, following a 1.6 percent decrease in the previous month.

On a month-on-month basis, import prices dropped 5.6 percent in March, after a 0.1 percent increase in the prior month.


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