empty
 
 

2017.12.2900:29:00UTC+00Singapore PPI Inflation Rises On Oil Prices In November

Singapore's producer price inflation accelerated on oil prices in November, Statistics Singapore reported Friday.

Producer price inflation rose to 2.8 percent in November from 2.1 percent in October. The oil index surged 23.6 percent, while non-oil prices fell 0.6 percent.

Month-on-month, producer prices advanced 1 percent, following October's 0.1 percent rise.

Another report from the statistical office showed that import price inflation increased to 4 percent in November from 3.4 percent in October.

Import prices logged a monthly growth of 1.4 percent versus 1.3 percent increase in October.

Meanwhile, export price inflation eased to 0.8 percent in November from 1.1 percent in the previous month. The oil index grew sharply by 25 percent on year. On the other hand, the non-oil index slid 3.5 percent.

On a monthly basis, export prices gained 0.6 percent, slower than the 1.2 percent increase seen in October.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback