The Singapore Department of Statistics has reported a decline in several key price indices for May 2025.
The Import Price Index fell by 1.7%, whilst the Export Price Index decreased by 1.9%. Additionally, the Singapore Manufactured Products and Domestic Supply Price Indices saw reductions of 2.8% and 3.5%, respectively, compared to April 2025.
When excluding oil, the Export, Singapore Manufactured Products, and Domestic Supply Price Indices fell by 1.7%, 2.6%, and 2.3%, respectively, with the Import Price Index remaining unchanged.
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