2020.01.2905:46:00UTC+00Singapore Producer Price Decline Slows In December

Singapore's producer prices fell at a slower rate in December, data from the Department of Statistics showed on Monday.

The manufactured producer price index fell 1.1 percent year-on-year in December, following a 3.5 percent decline in November.

The oil index fell 1.6 percent annually in December, while the non-oil index rose 2.0 percent. The prices of crude materials dropped the most, by 8.1 percent.

On a monthly basis, producer prices fell 0.1 percent in December, following a 1.1 percent decrease in the preceding month.

Another report from the statistical office showed that the import prices declined 2.3 percent annually in December, following a 5.1 percent decrease in November.

On a month-on-month basis, import prices fell 0.6 percent in December, following a 1.1 percent decrease in the prior month.