The producer price index (PPI) fell 3.0% year-on-year in October, after a 2.5% decline in September. Compared with the same month last year, the index was most affected by price decreases in electricity production and in the manufacture of wood and paper, the agency said.

On a monthly basis, producer prices dropped 0.4% in October.

Data also showed that import prices decreased by 0.5% monthly and by 3.3% annually in October. Export prices declined 0.5% over the month and fell 2.4% from a year ago.