Chart of the day: Import price index drop slows in August

The non-oil index fell by 0.7% for the month against its 0.3% gain in July.

This chart from the Department of Statistics shows the month-on-month (MoM) change of the import price index, with the index showing a slowdown in its fall.

The Import Price Index fell by only 1.7% in August compared to the 4.4% drop in the previous month.

Meanwhile, the Non-oil Index fell by 0.7% against the fall of 0.3% in July

This is the third month of drop for the import price index.