Singapore's producer price inflation in the manufacturing
sector slowed in November, data released by Statistics Singapore
showed Thursday. The manufactured products price index increased
8.5 percent on an annual basis in November, slower than the 8.8
percent growth seen in October. In September, the rate of growth
was 7.3 percent. Prices of non-oil products moved up 1.9 percent
annually, while prices of food products climbed 5.1 percent. On a
monthly basis, output prices in the manufacturing industry moved up
0.4 percent during the month, following the previous month's 2.2
percent growth. At the same time, domestic supply price inflation
quickened modestly to 11.9 percent in November from 11.6 percent in
October. Month-on-month, domestic supply prices moved up 1.4
percent during the month, after rising 1.8 percent in the previous
month. Separately, the agency said Singapore's import price
inflation increased to 7.5 percent in November from 7.2 percent in
October. Month-on-month, import prices moved up 1 percent during
the month, after rising 1.7 percent in the previous month. Export
prices advanced at a slower rate of 5.1 percent annually in
November than the previous month's 5.4 percent rise. From October,
export prices rose 0.7 percent, the agency said. The material has
been provided by Instaforex Company - instaforex.com
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