29 Apr '14, 4am

Study shows some products cost more in S’pore than other cities

SINGAPORE: Buying a product from Apple, Zara and IKEA could cost more in Singapore compared to 10 other cities, according to a study by the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI). According to the study -- which analyses price differences for 647 items from the three global brands across the 11 cities --"Singapore's prices are found to be relatively high in most instances". Releasing the findings on Tuesday as part of the its Macroeconomic Review, MAS said Singapore's prices are above the median for two-thirds of the items, and prices for about a quarter of them are below the median. This means that for the same brand, prices in Singapore can be higher than in other cities for some items but lower for others. Among the cities included in the study are London, Paris, New York, Shanghai and Hong Kong. MAS added that for most of the ite...

Full article: http://www.channelnewsasia.com/news/singapore/study-shows...

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