Economic Buzz: Singapore Producer Price Inflation Eases In July

30 Aug 2022 , 11:18 AM

Singapores producer price inflation eased for the first time in three months in July to the lowest level in ten months, data from the Department of Statistics showed. The manufacturing producer price index climbed 16.2 percent year-on-year in July, slower than the 20.2 percent surge in June. Domestic supply prices were 19.0 percent higher in July compared to last year. after a 27.9 percent gain in the previous month. On a monthly basis, producer prices decreased 1.6 percent in July, reversing a 1.6 percent rise in June. Powered by Commodity Insights