Tag Archives: Inflation

Daiso Will No Longer Be $2, Blame It On GST!

What times we live in! Daiso will no longer be selling its items at S$2 each. From 1 May 2022, Daiso will add GST to their products. Daiso entered Singapore in 2003, and their prices has always remained at $2. Even when GST increased from 5% to 7% in 2007, …

Read More »

KOK POH KOON SAYS WATER & OTHER PRICE HIKES HAVE SMALL INFLATION IMPACT

Responding to PAP MP Zaqy Mohamad's question if the recent slew of price increases (water, electricity, transport, carpark) would impact inflation and affect Singaporeans, Minister of State for Trade and Industry Dr Koh Poh Koon said that the price increases only contribute 0.2 pp to inflation and this impact is small. Dr Koh said that against a backdrop of increase in oil prices, the main driver of price increases this year was from the electricity and other energy-linked items such as petrol or diesel.

Read More »