2019.11.2905:52:00UTC+00Singapore Producer Prices Fall In October

Singapore producer prices declined further in October, data from the Department of Statistics showed on Friday.

The manufactured product price index fell 5.4 percent year-on-year in October, following the 4.5 percent decrease in September. Oil and non-oil prices plunged 24.9 percent and 1.7 percent, respectively.

On a monthly basis, producer prices decreased 1.5 percent in October, following a 0.1 percent fall in the previous month.

Another report showed that import prices dropped 6.8 percent annually in October, following a 4.9 percent decrease in September.

On a monthly basis, import prices fell 0.7 percent, in contrast to the 0.2 percent gain a month ago.

Exports prices decreased 2.1 percent on month, and fell 6.4 percent annually in October.