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Showing results for tags 'food shortage'.
Other than Daiso rising their prices, food prices are hitting its highest even when not considering the Russia-Ukraine war is disrupting food and fuel prices. Inflation are estimated to hit 2.5% to 3.5% by the 3rd quarter of 2022. Even Indonesia has stop exporting palm oil to keep for their domestic use. We will see prices of cooking oil, shampoo/soap, snacks like chocolate rise. https://www.channelnewsasia.com/singapore/hawkers-say-they-have-raise-prices-survive-rising-cost-ingredients-hits-hard-2653076 If hawkers are affected so will the rest of the F&B establishment. Eating at a cafe or restaurant will set your bill higher as they are struggling not only with operational cost (power/gas bills), food/ingredient prices but also manpower issues. Our pay isnt rising enough to cope with this inflation. Things like medical insurance are rising annually. Bills like power and water have risen significantly over the past couple of years and it is going to rise some more. Knnbccb.