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Financial News: Singapore PPI Inflation Eases For Second Month

Singapore PPI Inflation Eases For Second Month

11/29/2017 - 00:27:00 (RTTNews)

(RTTNews) - Singapore's producer price inflation eased for the second straight month in October, figures from the Department of Statistics showed Wednesday.

The manufactured product price index climbed 2.1 percent year-over-year in October, following a 2.3 percent rise in September.

The measure has been rising since December last year.

The oil and non-oil indices grew 12.9 percent and 0.2 percent, respectively in October from a year ago.

The domestic supply price index rose 3.5 percent annually in October and climbed 1.1 percent from a month ago.

On a monthly basis, producer prices edged up 0.1 percent from September, when it increased by 1.5 percent.

Data also revealed that import price inflation moderated to 3.2 percent in October from 4.9 percent in the preceding month.

Export prices also increased at a slower rate of 1.1 percent yearly after a 2.4 percent rise in September.

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