SG Talk

Global food prices fell the most since 2008 after concerns over supplies of grains and vegetable oils eased as Ukraine moved toward restarting exports.

A United Nations index of world food costs plunged almost 9% in July. The index fell to the lowest since January, before Russia’s blockade of ports in Ukraine -- a major food exporter -- pushed up food costs to a record.

The UN index fell for a fourth month, offering some relief to consumers facing a deepening cost-of-living crisis that spans everything from energy to transport. Still, prices remain elevated, putting pressure on low-income households and worsening global hunger.


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But food prices have gone up and up in Sg without stopping or decline.

Strange

(21-01-2023, 10:45 AM)Stoki Wrote: [ -> ]But food prices have gone up and up in Sg without stopping or decline.

Strange

In Singapore food prices only go up and stay there until the next reason to go up again. Never go down. Those in f&b gets richer and richer.

(21-01-2023, 10:45 AM)Stoki Wrote: [ -> ]But food prices have gone up and up in Sg without stopping or decline.

Strange

Yes....Very Strange. 

hawker and restaurant will never adjust price back down..

(21-01-2023, 12:40 PM)winbig Wrote: [ -> ]In Singapore food prices only go up and stay there until the next reason to go up again. Never go down. Those in f&b gets richer and richer.

(26-01-2023, 01:02 PM)pervertosan Wrote: [ -> ]hawker and restaurant will never adjust price back down..

Hawkers and restaurant will never adjust downwards, but always on the upward trend, citing increase in GST as  the factor..............