Following the recent rise in prices from general inflation in 2022, having a nice meal has become more and more expensive. MAS reported that the core inflation of Singapore in June peaked at 4.4%, which is the highest ever since the Great Recession in 2008.
Singapore’s vulnerability to supply shocks, especially during the past two years from the start of the decade. From the pandemic hurting the supply capacity of the world economy to the ever-increasing Russo-Ukrainian conflict, which has decimated the supply of eggs and chicken feed in the world, as well as our neighbours adopting a more trade protectionist model of cutting exports of fresh chicken to prevent prices from rising in their country. Even once those supply shock issues are rectified, prices might take a long time to act accordingly.
So, in such turbulent times, what can we do to save ourselves from being priced out from just enjoying a meal? Well, stick here to find out!...