Singapore's import price index fell 0.9% year-on-year in June following the 2.2% rise recorded in May, data released by Statistics Singapore showed Thursday. That was the first fall since October last year.
The oil index rose by 4.7%, while the non-oil index fell by 2.2%. Among the components of the non-oil index, import prices of machinery and transport equipment declined 4.8% and beverages and tobacco prices dropped 0.7%. Increases were seen in the import price index for crude materials, by 14.9%, and food prices with 7.7% rise.
On a monthly basis, the import price index dropped 0.5% in June, slower than the 1.2% decline registered in May. The export price index declined 0.5% month-on-month in June, unchanged from May. The annual growth slowed to 1.4% from 4.5% recorded in May.
In a separate release, the statistical office said producer price index for manufactured products fell 1.4% month-on-month in June. In May, producer prices were down 1.8%.They were unchanged on an annual basis after rising 4.2% in the previous month.
The domestic supply price index fell by 1.4% in June 2010, versus the 2.1% decline in the previous month. Compared to the previous year, domestic supply price index rose 1.7%, much slower than May's 7.8% rise.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.