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Singapore PPI decline eases in September

Staff Writer |
Singapore's producer prices declined again in September, though at a slower pace than in the previous month, figures from the Department of Statistics showed.




The manufactured products price index fell 4.1 percent year-over-year in September, following a 7.4 percent decrease in August. The measure has been falling since May 2014.

The oil and non-oil indices dipped 13.9 percent and 2.4 percent, respectively in September.

The domestic supply price index dropped 3.9 percent annually in September, while it rose 2.1 percent from the preceding month.

Month-on-month, producer prices climbed 3.9 percent in September, after remaining flat in the prior month.

Data also showed that import prices slipped at a slower pace of 4.2 percent yearly in September, following a 5.2 percent fall in August.

Similarly, the export price index continued its downward trend in September. It slid 5.9 percent in from a year ago, weaker than the 7.4 percent drop in the previous month.