Domestic supply price index up 3.5% in October

The price index of manufactured goods led growth at 5.8%.

Singapore's domestic supply price index (DSPI) rose 3.5% YoY in October, the Department of Statistics (SingStat) revealed.

The oil and non-oil indices rose 13.4% and 0.4%, respectively.

Four commodities showed higher prices, led by manufactured goods at 5.8%, followed by chemicals & chemical products at 3.6%, crude materials at 0.9%, and food & live animals at 0.6%.

They were partially offset by price decreases in four commodities, led by machinery & transport equipment with 1.4%, beverages & tobacco with 1.4%, animal & vegetable oils with 0.9%, and miscellaneous manufactured articles with 0.6%.

On a monthly basis, the DSPI went up 1.1%, lower than the 1.6% increase in the previous month.

The DSPI measures changes in the prices of goods manufactured either locally or imported which are retained for use in the domestic economy.