Food Inflation Eases in Singapore Due to Its Strong Currency
Aug 07, 2012 05:18 AM EDT | By Sharon Robinson
While global food prices are steadily on the rise, Singapore's food inflation seems to have gone down, say reports.
Like Us on Facebook
In the first half of the year 2012, the Consumer Price Index, or the CPI, has shown signs of easing. This is in accordance with studies done by the Retail Price Watch Group, or the RPWG. The prices of many food items are either on the decline, or are fairly stable.
Looking at the average retail prices of selected food items in Singapore, it was observed that the prices of a nine out of 17 food items have declined, while four remained the same and another four increased by less than 1 per cent.
However, instant coffee, carrots, sugar and instant noodles have registered slightly higher prices.
The rather mild inflation is being attributed to the strong Singaporean dollar, the long-term contractual agreements that food importers have with their suppliers or the diversification of food import sources, RPWG said.
The Singapore government offers its people different ways to counter food inflation. The RPWG is advising the citizens to take advantage of these measures.
RPWG added that it would be wise to consider purchasing house-brand items; as such items are comparable in quality to more prominent brands but are often cheaper. Three of RPWG's member supermarkets- NTUC FairPrice, Giant and Sheng Siong- have attested to the fact that house-brands are indeed more economical.
The government also offers cash grants and vouchers, like the GST and the U-Save rebates, to help households deal with the inflation.
The group, led by Mr Lee Yi Shyan, Senior Minister of State for Trade and Industry and National Development, was set up in late February 2011 to keep a close watch on any excessive price increases of daily necessities and anti-competitive behaviour from businesses in Singapore.
The RPWG is currently working with businesses to assure consumers that the food inflation will not lead to a decline in the quality of food, or the availability of more options.
Sugar-sweetened beverages were found to cause tooth decay and affects blood sugar.
Hoards of illegal Shark Fins had been impounded and destroyed by the Trading Standards in one of the most elite Chinese restaurant in London. Confiscation of the illegal shark fins comes after its restaurant manager admitted selling shark fins and other exotic dishes not indicated in its menu in January.
Robot Chef, the sophisticated invention of London-based Company, Moley Robotics has launched a sample robot that can literally make a total of 2,000 dishes. Robo Chef was unveiled this week during Hannover Messe trade fair that was held in Germany by demonstrating tasty crab bisque.
Just today, February 25, 2015, Yahoo! Food posts the secret weapon ingredients used by Star Chefs to achieve the most palatable dishes at home or in a restaurant. The said website revealed the top 10 magical ingredients that can turn home-cooked meals into top class restaurant tastes.
For those who love to have a nice glass of wine or beer during the weekends - which is just about everyone or almost -, there's a new way to keep the guessing out of the way you choose what to drink: the Next Glass app chooses drinks according to what you love!
U.S. Consumers, Ready To Accept Genetically Modified, Nanotech Products If It Is Healthy And Safe, New Survey Reveals
A national survey done by the North Carolina State University and the University of Minnesota representatives suggests that most U.S. consumers are ready to accept genetically modified and nanotech products if it is enhanced with nutrition and are safe.