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Singapore Producer Prices Fall In February

Singapore's producer prices declined at a faster rate in February, data from the Department of Statistics showed on Friday.

The manufactured producer price index fell 2.1 percent year-on-year in February, following a 1.1 percent decline in January.

The oil fell 8.9 percent annually in February, while non-oil indices rose 1.1 percent.

On a monthly basis, producer prices fell 0.1 percent in February, following a 1.0 percent decrease in the preceding month.

Another report from the statistical office showed that the import prices fell 1.5 percent in February, following a 0.7 percent decrease in the previous month.

On a month-on-month basis, import prices rose 0.2 percent in February, after a 0.4 percent increase in the prior month.

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