Producer Prices in Singapore
Singapore - Producer Prices
Inflation stable in September
Inflation came in at 7.5% in September, matching August’s figure, which had marked the highest inflation rate since June 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%).
Meanwhile, consumer prices rose 0.66% in September over the previous month, following the 0.57% increase logged in August.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.4% in 2023, which is up 0.6 percentage points from the previous month’s forecast. In 2024, our panel expects average inflation of 2.1%.
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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November 7, 2022
Inflation came in at 7.5% in September, matching August’s figure, which had marked the highest inflation rate since June 2008.
October 20, 2022
Non-oil domestic exports (NODX) rose 3.1% on an annual basis in September, on the heels of August’s 11.4% jump.
October 17, 2022
At its meeting on 14 October, the Monetary Authority of Singapore (MAS) re-centered the policy band of the Singapore dollar’s nominal effective exchange rate (S$NEER) to its prevailing level.
October 17, 2022
The economy expanded 1.5% in seasonally adjusted quarter-on-quarter terms in Q3, bouncing back from the 0.2% contraction recorded in the prior quarter and beating market expectations.
October 14, 2022
Inflation came in at 7.5% in August, up from July’s 7.0%.