How the high cost of living is hitting Singapore’s poor
Asia’s rising food costs are hitting the region’s poor, despite the fall in rice prices in 2021. …
There are several reasons for this, including a good rice harvest in 2021, says the ADB’s Dr Abiad. While maize prices rose 44% last year and wheat by 31% , rice prices dropped 4% . “So rice being the main staple in many Asian economies contributed to a food price inflation being lower in the region,” he says.
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