Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Producer prices in Singapore went up 4.3% year-on-year in June, the latest data by Statistics Singapore showed. That followed a revised 2.7% increase in May.

It has been the sharpest year-on-year increase in domestic supply prices since November 2022.

In June, prices rose at a faster rate for:

– mineral fuels (11.4% YoY versus 10.1% YoY in May);
– machinery and transport equipment (5.5% YoY versus 2.7% YoY in May).

Prices went up at a slower rate for food and live animals (1.8% YoY versus 2.1% YoY in May), while prices rebounded for chemicals and chemical products (0.3% YoY after a 1.4% YoY drop in May).

And, prices dropped for:

– miscellaneous manufactured articles (-5.5% YoY versus -3.5% YoY in May);
– animal & vegetable oils, fats & waxes (-3.6% YoY versus -1.2% YoY in May);
– manufactured goods (-2.8% YoY versus -3.1% YoY in May);
– beverages & tobacco (-1.9% YoY, or at the same rate as in May);
– crude materials (-1.1% YoY versus -1.4% YoY in May).

In monthly terms, domestic supply prices registered zero growth in June, following a 0.6% decrease in May.

The Singapore Dollar was little changed on the day against its US counterpart, with the USD/SGD currency pair last trading at 1.3419.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • SAP share price down, to reduce worker numbers by 2 250SAP share price down, to reduce worker numbers by 2 250 SAP SE plans to reduce its workforce by around 3% as Europe’s largest software developer continue to shift its focus on providing services over the Internet.Around 2 250 of the companys total of 74 000 employees will part ways with SAP, […]
  • Gold retains gains as U.S. jobless claims fall less than expectedGold retains gains as U.S. jobless claims fall less than expected Gold continued to advance in late European trading on Thursday after the U.S. Labor Department reported that the number of people who filed for initial unemployment benefits during the week ended October 12 fell less than expected. California […]
  • BP share price down, to be hit by weak oil prices and Russian crisisBP share price down, to be hit by weak oil prices and Russian crisis BP is expected to report a significant loss in the fourth quarter for its stake in Russias Rosneft as performance was hurt by plunging oil prices and weaker ruble.Marking its first loss in Russia, BP is on its way to report a Rosneft loss […]
  • Gold futures gain ground but bearish outlook persistsGold futures gain ground but bearish outlook persists Gold snapped 10 straight days of losses on Thursday but downside risk remained intact, with gold-backed ETFs continuing to liquidate and another bit of US data backing the case of a robust economic recovery.Gold futures for delivery in […]
  • HilleVax appoints new Chief Operating OfficerHilleVax appoints new Chief Operating Officer HilleVax Inc, a clinical-stage biopharmaceutical company with a focus on development and commercialization of novel vaccines, said on Thursday that it had appointed Sean McLoughlin as Chief Operating Officer.McLoughlin has three […]
  • Wesco agrees to sell integrated supply business for $350MWesco agrees to sell integrated supply business for $350M Wesco International Inc (NYSE: WCC) said on Friday that it had entered into a definitive agreement to sell its Wesco Integrated Supply business to Vallen Distribution Inc for a total consideration of $350 million.The business that is […]