Chart of the Day: Are Singaporeans becoming lazy cooks?
A closer look at the Consumer Price Index reveals households are now spending less on non-cooked food items than on prepared meals.
A joint report by the Monetary Authority of Singapore and the Ministry of Trade and Industry said:
Over the past few decades, resident households in Singapore increasingly spend more on prepared meals than non-cooked food items due to changes in lifestyle.
In the 2009 based CPI, prepared meals has a weight of 13.5% compared to 8.5% for non-cooked food. In contrast, in the 1982/83 based CPI, the weight of prepared meals was 18.1%, lower than the 26.0% for non-cooked food.