Singapore’s producer price inflation increased marginally in February, data from the Department of Statistics showed on Tuesday.
The manufacturing producer price index rose 18.1 percent year-on-year in February, following an 18.0 percent increase in January.
The oil index surged 53.0 percent annually in February and the non-oil indexes increased 13.4 percent.
The Domestic Supply Price Index grew 22.4 percent year-on-year in February, after a 22.7 percent rise in December.
On a monthly basis, producer prices rose 1.7 percent in February, following a 1.1 percent increase in the preceding month.
Another report from the statistical office showed that the import prices rose 16.2 percent annually in February, following a 15.6 percent growth in the previous month.
On a month-on-month basis, import prices increased 3.2 percent in February, following a 2.8 percent gain in the prior month.
Data showed that export prices gained 19.3 percent yearly in February and rose 1.2 percent from a month ago.