Thursday March 20, 2008

Singapore inflation : fishball prices increase 20%

channelnewsasia.com :

Retailers said the prices of fishballs have risen by 20% since last July due to rising cost of raw ingredients. The retail price of Foochow fishballs, for example, has gone up to from S$7 to S$9 per kilogramme. Prices of five-spice ngoh hiang (meat roll) have also risen by 25%, from S$2.60 to S$3.00 per kilogramme, over the same period.

Retailers said the price hikes have been caused by the dip in supplies of frozen fish from countries such as Thailand and Indonesia. Fisheries in those countries have been affected by bad weather. Even though retailers in Singapore have started looking for cheaper sources of ingredients, they said the prices of fishballs are expected to climb further in the later half of the year.

- That's in line with the general trend of actual prices in Singapore going up 20%, 30% or more.

See also :

1. Singapore CPI inflation hits 6.6% in Jan 2008 - a new 25-year record high
2. PM Lee : Singapore government will help mitigate food cost inflation
3. NTUC chief urges Singaporeans to be prepared to live with higher fuel, food prices
4. Why food costs more

(2008-03-20 00:33:39 SGT) [Biz] Permalink

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