COTD: Import prices rise 1.3% MoM in June

The oil index gained 6.3% MoM.

The Import Price Index increased 1.3% month on month in June 2025, following the 1.8% decrease in May.

The oil index gained 6.3% MoM, mainly due to higher prices of petroleum and products amidst the heightened tensions in the Middle East.

Meanwhile, the Non-oil index remained unchanged during the month, following a 0.2% decrease in May.

Amongst the Non-Oil sub-indices, Chemicals & Chemical Products, Food & Live Animals, Miscellaneous Manufactured Articles, Manufactured Goods, and Animal & Vegetable Oils indices declined.

It was offset by increases in the Machinery & Transport Equipment, Crude Materials and Beverages & Tobacco indices.