This marks the largest slump in nearly 14 years, as costs continued to fall sharply for electricity, gas, steam & air conditioning supply (-26.5% vs -26.2% in September) and also declined at a faster pace for manufacturing (-5.5% vs -3.6%).
Moreover, prices slowed down for mining & quarrying (6.3% vs 9.2%) and water supply, sewage & waste management (4.5% vs 9.7%).
On a monthly comparison basis, producer prices dropped by 1.6% in October, following a downwardly revised 0.6% increase in September.
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