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Financial News: Singapore Producer Prices Fall In October

Singapore Producer Prices Fall In October

11/29/2019 - 01:52:00 (RTTNews)

(RTTNews) - 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.

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