The Import and Export Price Indices fell by 5.1% and 4.8% respectively in October 2008 over the previous month, due to lower oil prices. Excluding oil, both the price indices rose by 1.0% and 0.7% respectively due to dearer electronic products.

The Singapore Manufactured Products and Domestic Supply Price Indices fell by 7.3% and 8.7% respectively in October 2008 over September 2008 as a result of lower oil prices. Excluding oil, the Singapore Manufactured Products Price Index fell by 0.3% due to cheaper chemical products. The Non-oil Domestic Supply Price Index remained unchanged in October 2008. [more]