Singapore's Producer Price Inflation Slows in June

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Singapore's Producer Price Inflation Slows in June

MT Newswires07-29 11:18

Factory-gate prices in Singapore were mixed in June, with the Domestic Supply Price Index rising 30.3% year over year, while the Singapore Manufactured Products Price Index increased 31.1%, according to the Singapore Department of Statistics on Wednesday.

The Domestic Supply Price Index growth eased from the 34.1% increase logged in May, and missed the Trading Economics forecast for a 33% increase.

The Manufactured Products Price Index expansion accelerated from the 30.9% growth recorded in May.

On a month-on-month basis, the Domestic Supply Price Index fell 2.5% in June after declining 2.0% in May, while the Singapore Manufactured Products Price Index slipped 0.7%, extending the 0.2% decline recorded in May.

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