Chart of the day: Import price index slips 4.5% MoM in June

Non-oil imports inched up due to higher prices of meat.

This chart from the Department of Statistics of Singapore shows the month-on-month (MoM) changes in the import price index besides non-oil imports.

The import price index slipped by 4.5% MoM in July, which is a continuation of a 1.3% dip in June. This is the second recorded fall in the import price index since the start of the year.

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Non-oil products, meanwhile, inched up by 0.3% compared to a drop of 0.2% in June. The increase in non-oil products was led by the Food & Live Animals segment, mainly on account of higher prices of meat, and the Machinery & Transport Equipment segment.

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Department of Statistics

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