Most can cope with rising food costs

Seven in 10 people in Singapore believe they will be able to cope with rising food prices, a new global survey has shown. They said that their household budgets were flexible enough to handle the higher costs, without them having to significantly shrink spending in other areas.

The online survey by research firm Nielsen polled more than 29,000 consumers globally, with 503 respondents coming from Singapore. It was conducted between Feb 18 and March 8 this year. But economist Shandre Thangavelu cautioned that the survey results should be taken with a pinch of salt, as the sample size here was small and income levels may not have been factored in.

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