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Financial News: Singapore Producer Prices Fall In July

Singapore Producer Prices Fall In July

08/28/2020 - 03:31:00 (RTTNews)

(RTTNews) - Singapore's producer prices declined in July, data from the Department of Statistics showed on Friday.

The manufacturing producer price index fell 6.4 percent year-on-year in July, following an 5.7 percent decline in June.

The oil index declined 39.3 percent annually in July, and non-oil indices fell 38.7 percent.

On a monthly basis, producer prices fell 0.1 percent in July, after a 0.8 percent decrease in the preceding month.

Another report from the statistical office showed that the import prices fell 7.5 percent annually in July, following a 8.7 percent decrease in the previous month.

On a month-on-month basis, import prices rose 1.7 percent in July, following a 3.3 percent increase in the prior month.

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