In Singapore, hawker centres are part of the service economy and are directly affected by rising inflation in the city-state. Prominent low-cost restaurants were forced to raise prices at food stalls serving local delicacies such as Hainanese chicken rice, fish ball soup, prawn noodles, fried oyster omelette and chilli crab, up a record 7.4 percent from last year. The biggest jump since official statistics began tracking the figure in January 2020. Recently inscribed on the UNESCO World Heritage List, Singapore hawkers are an important conduit for Singaporean culture, serving families and seniors with cheap meals throughout the day. …
In Singapore, hawker centres are part of the service economy and are directly affected by rising inflation in the city-state.
Prominent low-cost restaurants were forced to raise prices at food stalls serving local delicacies such as Hainanese chicken rice, fish ball soup, prawn noodles, fried oyster omelette and chilli crab, up a record 7.4 percent from last year. The biggest jump since official statistics began tracking the figure in January 2020.
Recently inscribed on the UNESCO World Heritage List, Singapore hawkers are an important conduit for Singaporean culture, providing families and seniors with inexpensive meals throughout the day.
Core inflation highest in 14 years
The rise in street food prices came as the city-state’s core inflation rose further to 4.8 percent from 4.4 percent in June, and hit a 14-year high in July, largely driven by higher food prices. Official figures released on August 23 showed food, electricity and natural gas.
The last time Singapore reported higher year-on-year growth was in November 2008, when core inflation was at 5.5%.
Transportation and accommodation prices rise
The headline CPI, or headline inflation that includes the cost of accommodation and private transportation, rose to 7 percent year-on-year in July, beating the 6.7 percent reported in June.
“In addition to higher core inflation, private transport and accommodation inflation also rose in July,” the Monetary Authority of Singapore and the Ministry of Trade and Industry said in a joint press release.
