Higher food prices in Chinese New Year
Those stocking up on popular Chinese New Year food items in Singapore such as bak kwa and fish are feeling an extra pinch in their wallets this year, compared with the same festive period last year, with the Chinese silver pomfret seeing a 40% additional jump. At the market, the price for the Chinese silver pomfret has gone up from S$80 per kg — a common quoting price this time last year — to breach the S$100 mark. Some fish vendors even expect the price of the seafood to go as high as S$150 per kg as Chinese New Year approaches. It usually goes for about S$50 a kg during the off-peak period.
