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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -15.3 | -6.9 | 7.0 | 6.4 | -3.3 |
Singapore Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.74 | 1.39 % | Dec 31 |
| Exchange Rate | 1.34 | -0.01 % | Jan 01 |
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Economic News
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Singapore: Non-oil domestic exports slide in December
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.
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Singapore: Economy grows at softest pace since Q1 2021 in Q4
January 17, 2023
GDP growth slowed markedly to 2.2% year on year in the fourth quarter, from 4.2% in the third quarter.
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Singapore: Manufacturing PMI decreases in December
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.
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Singapore: Inflation remains steady in November
December 23, 2022
Inflation held steady at October's 6.7% in November, the joint-lowest inflation rate since June.
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Singapore: Manufacturing PMI increases in November
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.
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