Singaporeans hit hard by war-driven cost hikes

Survey finds widespread impact on daily expenses including food, transport and dining.

Rising household costs were the most commonly reported impact of the ongoing US-Israel–Iran conflict amongst Singapore respondents surveyed by YouGov.

The survey found that 70% said the conflict had increased household energy costs, making it the most widely felt effect. Higher grocery bills followed at 56%, whilst 50% reported increased commuting costs and 49% cited higher spending on dining out or food delivery.

YouGov said older consumers, particularly Gen X and Baby Boomers, reported being more affected by rising energy and grocery costs than younger groups.

Beyond daily expenses, 36% of respondents said they were worried about investment volatility, whilst 33% cited higher airfares affecting travel plans to destinations outside the conflict zone.

The survey also found that 27% reported emotional or psychological strain linked to the developments, whilst 21% said travel plans to affected areas had been disrupted.

A further 14% reported that their industry has been affected due to connections with the affected region whilst only 2% of respondents said they were unaffected by any of the listed impacts.

Follow the link for more news on

YouGov

Chart of the Day

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