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They definitely dropped hourly instance prices. They started at $0.10/hr for a small instance.

Probably not for the Asia Pacific Singapore region.

Few months ago, the on demand hourly price for a small instance is 0.085, now it's 0.09.

There's definitely a significant decrease for reserved small instances.

Edit: Reserved micro instances also went up.

I am pretty certain that the price was 0.095, not 0.085.