(RTTNews) - Singapore’s import price index decreased 5.3% year-on-year in October, compared to the 10.2% fall in the previous month, the Department of Statistics said on Thursday.

At the same time, the oil and non-oil indices fell by 7.8% and 4.6%, respectively, the statistical office said.

On a monthly basis, import prices rose 0.1% in October, after falling 1.6% in September.

Meanwhile, export price index decreased 5.5% on an annual basis in October, slower than the 9.8% decline in the preceding month. Month-on-month, export prices dropped 0.2% in October, after falling 1% in September.

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