Statistics from Singapore Department of Statistics showed that the country's import price index in January widened its decline to 17.3% year-on-year (down 13.1% in December). On a monthly basis, the index kept a drop of 4.8%.
During this period, the export price index also widened its decline to 10% year-on-year (down 7.2% in December). On a monthly basis, the exports fell 2.8%.~
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