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Asian Economic News

Singapore PPI Falls At Slower Rate In October

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Singapore's producer prices continued to decline in October, though at a slower pace than in the previous month, figures from the Department of Statistics showed Tuesday.

The manufactured products price index fell 2.7 percent year-over-year in October, following a 3.8 percent decrease in September. The measure has been falling since May 2014.

The oil and non-oil indices dropped 1.5 percent and 2.9 percent, respectively in October.

The domestic supply price index slid 1.0 percent annually in October, while it rose 2.7 percent from a month ago.

Month-on-month, producer prices edged up 0.3 percent from September, when it grew by 4.1 percent.

Data also showed that import prices dipped at a weaker pace of 1.2 percent yearly in October, after a 4.1 percent decline in the prior month.

Similarly, the export price index continued its downward trend in October. It fell 3.0 percent from a year earlier, less than the 5.9 percent decrease in September.

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