SINGAPORE, Oct. 29 (Xinhua) -- Singapore's manufactured product prices and domestic supply prices rose in September, driven by higher oil prices and costs of electrical machinery apparatus, including electronic integrated circuits, the Department of Statistics said on Thursday.
The Singapore Manufactured Products Price Index (SMPPI) increased 5.3 percent month on month, accelerating from 4.4 percent in August, marking its third consecutive monthly gain. The oil index rose 7.9 percent, while the non-oil index increased 4.8 percent.
The SMPPI surged 47.5 percent year on year, up from 40.1 percent in August. The oil index climbed 58.9 percent, while the non-oil index rose 45.8 percent.
The Domestic Supply Price Index (DSPI) increased 7.3 percent month on month, compared with 4.1 percent in August. Its oil index rose 15.9 percent, while the non-oil index gained 4.1 percent.
On a year-on-year basis, the DSPI jumped 48 percent, up from 38.8 percent in August. The oil index surged 78.9 percent, while the non-oil index increased 38.2 percent.
The increases in both indices' oil components were mainly due to higher prices of petroleum and petroleum products, while gains in their non-oil components were largely driven by higher prices of electrical machinery apparatus, the data showed. ■
