The Singapore Department of Statistics has released the Services Producer Price Indices for the fourth quarter of 2024, revealing varied trends across different sectors.
Notably, the indices showed an increase for warehousing and storage by 1.4%, accounting services by 0.4%, computer consultancy and information services by 0.4%, and cargo handling by 0.2%.
Conversely, there was a significant decline in sea freight transport prices, which fell by 8.3%, alongside decreases in freight forwarding by 0.9% and telecommunications services by 0.3%.
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