Food price increase? Most Singaporeans say they can absorb it
By Jessica Lim
Consumers in Singapore are relatively unfazed by the thought of food prices heading north, with 69 per cent indicating there is enough flexibility in their household budget to absorb a rise in food prices.
They also do not think that they would make significant sacrifices to their spending in other areas if food prices do rise, according to a report released on Tuesday by research firm Nielsen.
http://www.straitstimes.com/breaking-news/singapore/story/food-price-increase-most-singaporeans-say-they-can-absorb-it-20131008
By Jessica Lim
Consumers in Singapore are relatively unfazed by the thought of food prices heading north, with 69 per cent indicating there is enough flexibility in their household budget to absorb a rise in food prices.
They also do not think that they would make significant sacrifices to their spending in other areas if food prices do rise, according to a report released on Tuesday by research firm Nielsen.
http://www.straitstimes.com/breaking-news/singapore/story/food-price-increase-most-singaporeans-say-they-can-absorb-it-20131008