Singapore's import prices declined in June, reflecting sharp contraction in oil prices, the Department of Statistics said Friday.
Import prices were down 1.5 percent year-on-year in June, reversing a 0.3 percent rise in May. On a monthly basis, import prices eased 2.2 percent after logging a 2 percent fall in the preceding month.
The oil index fell 7.8 percent from a year ago, while the non-oil index rose 0.7 percent.
At the same time, the export price index dropped 2.1 percent annually, larger than the 0.5 percent drop in June. Compared to the prior month, the index slid 2.1 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.