Singapore Food Inflation

Food prices in Singapore rose by 1.2% year-on-year in September 2024, following a 1.1% gain in the previous three months and marking the steepest pace since April. Within food, excluding food servicing services, prices increased for rice & cereal products (0.9%), meat (1.0%), fish & other seafood (0.2%),, milk, other dairy products & eggs (0.2%), oils & fats (3.3%), sugar, confectionery, and desserts (4.4%), ready-made food & other food products (0.3%), and non-alcoholic beverages (4.3%); but fell for fruits & nuts (-0.5%) and vegetables (-0.5%). Among food servicing services, prices were higher for all components: restaurants, cafes & pubs (1.1%), fast food restaurants (2.0%), and hawker food and food courts (1.5%), while catered food, including vending machines remained unchanged.