Rising inflation tops concerns of Singaporean consumers

An Ipsos survey revealed that 38% of them are "very impacted" by price increases.

Gone are the days when Singaporeans were worrying about COVID. These days they are more concerned about rising inflation than anything else, according to an Ipsos survey.

This is likely because 38% of consumers have been "very impacted" by price increases, added Ipsos.

According to Ipsos, rising prices have also prompted Singaporeans to save money in other ways like spending less on travel (32%), clothing (26%), and electronics (22%).

Singaporeans' concern over the rising inflation was alleviated by their belief that the country's economy will become stronger (37%) and that their heir financial situation will improve in the remaining six months (32%).

Whilst Singaporeans have moved past COVID, some behaviours they adopted during the pandemic persists, like using online shopping.

The survey revealed that 40% of Singaporeans are buying more items online now compared to six months before.

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