The Global Price Pressures Index held at 0.5 in November (unchanged from October), marking a third straight month of subdued pricing and supply conditions across global manufacturing.

• Nine of the 26 tracked commodities saw price declines, though decreases were marginal, underscoring broadly soft input cost pressures.

• Semiconductors recorded the strongest above-average price pressures among all commodities, followed by Electrical Items and Aluminium.

• Price pressures for Electrical Items rose to their highest level in nine months, indicating a localized uptick within an otherwise muted landscape.

• The Global Supply Shortages Index also held at 0.5, remaining at half the long-run average for a fifth consecutive month.

• Electrical Items and Aluminium were the only commodities with above-average supply shortfalls, with Electrical Item shortages reaching their highest point since July 2024.

• Transport prices increased to their largest extent since July, contributing to slightly firmer cost pressures in a few categories.

• Polyethylene and Polypropylene led the commodities with falling prices, reinforcing the overall picture of easing raw material costs heading into year-end.