Singapore's Manufactured Products Price Index rose 6.9% year over year in October, extending the 7.3% increase in the preceding month, the Department of Statistics reported Friday.
The oil index fell 3.6%, while the non-oil index gained 8.8% on-year during the month, supported by increased prices in machinery and transport equipment.
Month-over-month, manufacturing prices rose 1.2% after being unchanged in October. The oil index gained 1.6%, while the non-oil index rose by 1.1% on the month, the data showed.
Meanwhile, Singapore's Domestic Supply Price Index rose 2.9% in October, following a 3.7% increase in September. The oil index dipped 9%, but the non-oil index climbed 7.2%, driven by a higher machinery & transport equipment index, the data showed.
Month-on-month, the Domestic Supply Price Index edged up by 0.3% in October after a 0.6% increase in September. The oil index dropped 2.4%, while the non-oil index was up 1.2%.