23 Dec '14, 4pm

Factors behind food inflation for November

Factors behind food inflation for November

SINGAPORE: Despite a strong Singapore dollar and falling oil prices, Singaporeans have said they have not noticed savings in areas such as food and healthcare. While the Consumer Price Index showed an overall decrease , food inflation for November stemmed the slide, rising 2.9 per cent year-on-year and up from 2.8 per cent in the previous month. This is despite oil prices driving down transport costs, and a strong Singapore dollar compared to regional currencies. The Monetary Authority of Singapore (MAS) said food prices rose 0.2 per cent due to more costly non-cooked food items, and higher prices of regional food supplies and hawker meals. F&B outlets Channel NewsAsia spoke to agreed, but cited other reasons too. Said Mr Dilip Ghosh, owner of Urban Fairways Golf Cafe and Bar: "Essentially, the costs of food and drinks rise because I believe for our supplier, rental and ma...

Full article: http://www.channelnewsasia.com/news/singapore/factors-beh...

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