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Singapore Producer Prices Fall In April

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

The manufacturing producer price index fell 8.7 percent year-on-year in April, following a 5.8 percent decline in March.

The oil index declined 61.9 percent annually in April, while non-oil indices rose 0.4 percent.

On a monthly basis, producer prices fell 4.5 percent in April, following a 2.3 percent decrease in the preceding month.

Another report from the statistical office showed that the import prices fell 13.3 percent annually in April, following a 7.9 percent decrease in the previous month.

On a month-on-month basis, import prices fell 5.0 percent in April, following a 5.3 percent decrease in the prior month.

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