Singapore Import Prices Rise In December

RTTNews, 28 Jan 2011(RTTNews) - Singapore import prices moved up 0.8% annually in December, reversing a 1.4% fall seen in November, the Department of Statistics said Friday.From November, import prices rose 1.6% in December. This follows a 0.7% rise in November. The oil index went up 6.3%, following the 3.7% gain in the previous month, due mainly to higher prices of crude petroleum and fuel oil.