Forex News

Producer prices in Singapore rose in June

Producer prices in Singapore increased more rapidly in June, according to the data of the Ministry of Statistics on Friday.

The price index for products in June increased by 7.8% compared to the previous year after an increase of 6.9% in the previous month. This was the third consecutive monthly increase.

The domestic price index rose 11.6% in June in annual terms, and a month ago it grew by 0.7%.

In monthly terms, producer prices fell 0, 5% from May, when they grew by 4.4%.

The data also showed that import prices in June rose by 9.0% in annual terms after an increase of 6.6% in the previous month.

Export Prices increased by 6.5% in y / y and by 0.7% m / m in June.