Food is pricier now than two years ago. This is confirmed by the food inflation rate released officially by Monetary Authority of Singapore (MAS) for April 2023 and April 2022.
|Date||Food CPI (%)||Cost of Food ($)||Cost increase (%)|
|April 2022||4.1% year-on-year||$5.205||——-|
|April 2023||7.1% year-on-year||$5.575||11.5%|
A $5.00 food we ate in April 2021 is now costing $5.575 (about $5.60) based on 11.5% rate of increase in Food Inflation over two years.
Food we eat is essential and is not discretionary. 11.5% jump hurt my pocket since I am no longer working for a living.
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