Economic Buzz: Singapore Producer Price Inflation At 6-Month High

29 Jun 2022 , 01:13 PM

Singapores producer price inflation accelerated to a six-month high in May, after easing in the previous month, data from the Department of Statistics showed. The manufacturing producer price index climbed 19.4 percent year-on-year in May, faster than the 17.8 percent increase in April. This was the highest rate of increase since November 2021, when prices had grown 19.8 percent. On a monthly basis, producer prices went up 2.7 percent in May, following a 0.6 percent rise in April. Powered by Commodity Insights