Singapore producer prices continued to decline in September, data from the Department of Statistics showed on Tuesday.
The manufactured product prices fell 4.5 percent year-on-year, following the 4.1 percent decrease in August. Oil and non-oil prices plunged 16.5 percent and 2.3 percent, respectively.
On a monthly basis, producer prices remained unchanged in September after the 1.9 percent rise in August.
Another report showed that import prices dropped at a pace of 4.9 percent, extending the 3.9 percent decrease in August. On a monthly basis, import prices gained 0.2 percent, in contrast to the 0.7 percent fall a month ago.
At the same time, exports prices grew 0.5 percent on month but fell 3.2 percent annually in September.
The material has been provided by InstaForex Company – www.instaforex.com