Producer Prices in Singapore
Singapore - Producer Prices
Inflation remains steady in November
Inflation held steady at October's 6.7% in November, the joint-lowest inflation rate since June. Rising food price pressures were offset by lower housing and transport inflation.
The trend pointed up mildly, with annual average inflation coming in at 5.9% in November (October: 5.7%). Meanwhile, core inflation was stable, coming in at October's 5.1% in November.
Finally, consumer prices rose 0.97% in November over the previous month, swinging from the 0.40% fall logged in October. November's figure marked the highest reading since June.
FocusEconomics panelists forecast inflation to average 4.3% in 2023, which is up 0.3 percentage points from last month’s estimate, and 2.4% in 2024.
Singapore - Producer Prices Data
|Inflation (PPI, annual variation in %)||-15.3||-6.9||7.0||6.4||-3.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||1.74||1.39 %||Dec 31|
|Exchange Rate||1.34||-0.01 %||Jan 01|
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January 17, 2023
Non-oil domestic exports (NODX) plummeted 20.6% year-on-year in December, on the heels of November’s 14.7% fall and marking the third consecutive monthly contraction.
January 17, 2023
GDP growth slowed markedly to 2.2% year on year in the fourth quarter, from 4.2% in the third quarter.
January 1, 2023
The Singapore Institute of Purchasing and Materials Management (SIPMM) Manufacturing PMI came in at 49.7 in December, down from 49.8 in November.
December 23, 2022
Inflation held steady at October's 6.7% in November, the joint-lowest inflation rate since June.
December 1, 2022
The Singapore Institute of Purchasing and Materials Management (SIPMM) Manufacturing PMI came in at 49.8 in November, up from October's 49.7.