Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
Singapore's October CPI ascends on oil and transport costs
In October, Singapore's consumer price index managed to rally versus 2016 because of higher private road transport costs, as a fresh Reuters survey disclosed.
In October, the all-items CPI was expected to have soared 0.5%, adding 0.4% from September. That’s what the median estimate of 10 financial experts in the survey informed.
Private road transport costs will most likely edge up because of higher Certificate of Entitlement prices as well as a jump in petrol prices during the month, as experts explained.
A COE appears to be a quota license win in an auction, which enables the holders to own cars in the city-state.
As a matter of fact, Land-scarce Singapore, which is one of the world's most costly places to own a car, has told it won’t permit any surge in its car population from February.
Additionally, the survey also disclosed that in October the Monetary Authority of Singapore's core inflation measure grew 1.5% from 2016, while staying intact from September.
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
The ECB will publish the Monetary Policy statement on Thursday, April 14, at 14:45 MT (GMT+3).
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).