Australia markets open in 58 minutes
  • ALL ORDS

    7,398.90
    +7.90 (+0.11%)
     
  • AUD/USD

    0.7095
    +0.0058 (+0.83%)
     
  • ASX 200

    7,148.90
    +3.30 (+0.05%)
     
  • OIL

    109.92
    -0.37 (-0.34%)
     
  • GOLD

    1,851.90
    +4.10 (+0.22%)
     
  • BTC-AUD

    41,143.89
    -1,794.28 (-4.18%)
     
  • CMC Crypto 200

    658.56
    -16.31 (-2.42%)
     

Singapore's Giant, NTUC Fairprice cut price of eggs amid inflation

·Editorial Team
·1-min read
Singapore's Giant, NTUC Fairprice drops price of eggs. (PHOTO: Getty)
Singapore's Giant, NTUC Fairprice drops price of eggs. (PHOTO: Getty)

SINGAPORE — At least two supermarkets have cut the prices of eggs this week, starting Wednesday (20 April).

Giant has reduced the price of its Giant Farm Fresh Eggs from $7.50 to $6.50 per tray of 30. The promotion will last until Hari Raya Aidilfitri on 3 May.

NTUC FairPrice has lowered the price of a 30-piece tray of its housebrand Pasar eggs to $6.95, down from $7.50. This new pricing will last until 27 April.

Egg prices have been steadily increasing due to various reasons, such as the Ukraine conflict, a viral outbreak in local farms, and increasing costs of chicken feed, energy and transport — all exacerbated by the COVID-19 pandemic.

In a recent study by regional broadcaster CNA, eggs saw the biggest price increase in the fresh produce category. The checks showed that the price of a tray of 30 Pasar eggs was $6.15 at NTUC FairPrice in February, up from $4.75 in the same month last year.

At Sheng Siong the price of 30 eggs rose from $4.65 in February 2021 to $6.15 in the same month this year.

Singapore's core inflation rose to 2.4 per cent in January from a year ago— the highest increase in more than nine years. On a year-on-year basis, food inflation rose to 2.6 per cent, up from December's 2.1 per cent, reflecting higher inflation for both non-cooked food and prepared meals. Core inflation, which excludes accommodation and private transport, eased to 2.2 per cent on a year-on-year basis in February.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting