23 Feb '11, 1pm

S'poreans fear inflation may rise further: SINGAPORE : As the inflation rate hits a new high, Singaporeans are s...

S'poreans fear inflation may rise further: SINGAPORE : As the inflation rate hits a new high, Singaporeans are s...

SINGAPORE : As the inflation rate hits a new high, Singaporeans are scrambling to manage costs because they fear things could get pricier in the next few months. Lunch provided by the Thye Hua Kwan Moral Society is a humble assortment of rice, fish and vegetables. The centre at Telok Blangah Crescent distributes two free meals to the elderly, six days a week. But with food prices on the rise, the voluntary welfare organisation is feeling the pinch. Amy Sim, a 56-year-old cook at Telok Blangah Meal Centre, Thye Hua Kwan Moral Society, said: "A few years back, I bought one carton of chicken wings at S$60, S$58. Today, it's S$70 to S$80 a carton. "I try not to over-budget my marketing ... I try to get a cheaper range of food for the elderly, yet it's healthy food." While the price increases are still being fully absorbed by the society, there is a "painful, last resort", if t...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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