Singapore Producer Prices Rise in September, Domestic Supply Price Index Surges 48% Year-on-Year
Factory-gate prices in Singapore rose in September, with the Domestic Supply Price Index edging up 48% year over year, while the Singapore Manufactured Products Price Index grew 47.5%, according to the Singapore Department of Statistics on DAY.The Domestic Supply Price Index growth accelerated from the 38.8% increase logged the previous month, beating the Trading Economics forecast for 25% growth.The Manufactured Products PPI expansion accelerated from the 40.1% growth recorded in August.On a month-on-month basis, the Domestic Supply Price Index rose 7.3% in September after growing 4.1% in August, while the Manufactured Products PPI edged up 5.3%, accelerating from the 4.4% expansion between August and July.