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Financial News: Singapore Producer Price Inflation Rises In November

Singapore Producer Price Inflation Rises In November

12/29/2021 - 04:37:00 (RTTNews)

(RTTNews) - Singapore's producer price inflation increased in November, data from the Department of Statistics showed on Wednesday.

The manufacturing producer price index increased 19.7 percent year-on-year in November, following a 16.4 percent rise in October.

The oil index surged 85.0 percent annually in November and the non-oil indices rose 13.0 percent.

The Domestic Supply Price Index grew 26.0 percent year-on-year in November, following a 25.4 percent increase in October.

On a monthly basis, producer prices fell 0.2 percent in November, after 3.5 percent increase in the preceding month.

Another report from the statistical office showed that the import prices gained 18.3 percent annually in November, after a 20.0 percent increase in the previous month.

On a month-on-month basis, import prices declined 0.5 in November, after a 3.1 percent gain in the prior month.

Data showed that export prices rose 22.3 percent yearly in November and grew 0.8 percent from a month ago.

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