55% of Singaporeans say gov't is not doing enough to handle rising prices

Inflation is amongst the top concerns of Singaporeans today.

More than half of Singaporeans (45%) believe that the government is not doing enough to manage the rising inflation, with 19% saying the issue is being handled "very badly," a study by IT solutions provider, Blackbox, showed.

Singaporeans said inflation (26%) is amongst their top concerns nowadays since it affects them personally in several ways.

In particular, locals say they feel the impact of inflation when looking at pump prices (35%), utility prices (34%), when they are in supermarkets (28%), food courts or local coffees shos (27%), and when hey rise taxis or transport services like Grab (24%).

Apart from inflation, Singaporeans are also concerned about other global problems like climate change (16%), the potential of the Russia-Ukraine conflict spreading (13%), the emergence of new COVID strains (12%), and global food shortages (7%).

Given the current challenges faced by Singapore, only 44% of locals believe that 2022 will be a better year for them economically, lower than the 48% who felt the same in mid-2021.

On the flip side, 84% of Singaporeans are still in conflict towards their country's future trajectory, saying the country is heading in the right direction in addressing issues it's facing.

READ MORE: Inflation picks up in May at 5.6%

The survey was conducted online in May 2022, with a respondent pool of 758 Singaporeans above the age of 20, and took into consideration socio-economic quotas.

Follow the link for more news on

Singapore inflation

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia