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Singapore Manufacturing, Domestic Prices Rise in March

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-- Singapore's manufacturing prices jumped 20.3% year over year in March, extending the 5.4% increase in the previous month, the city-state's Department of Statistics reported Thursday.

The oil index surged 54.3%, while the non-oil index rose 14.9% on-year during the month, the filing said.

Month-over-month, manufacturing prices rose 11.2%, following a 3.9% rise in the previous month, the data showed.

Meanwhile, Singapore's Domestic Supply Price Index rose 21.6% in March, extending a 2.4% increase in February. The oil index jumped 49.9%, and the non-oil index was up by 12.2%, the data showed.

Month-on-month, the Domestic Supply Price Index rose 16.1%, compared to a 3.7% rise in the previous month.

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