Chart of the Day: How Singaporeans abate inflation impact
Around 35% are reducing out-of-home dining/restaurants.
Around four in five Southeast Asians said the inflated-related issue is their biggest financial challenge currently, they worry about rising prices and everyday concerns, according to a report by Blackbox-ADNA.
This chart from the Inflation & Shopping in the Digital Age study showed the steps taken by Southeast Asia countries to counter the impact of inflation on their daily lives. Cutting back on out-of-home dining/restaurants is the top measure taken by Singaporeans in the last six months at 35%.
This is followed by eating cheaper meals at home (27%), buying more items at a discount (23%), and cutting back on food delivery at home (20%).
READ MORE: Chart of the Day: Salary in Singapore expected to rise by 4.7% in 2023
Some are also using less electricity at home (12%), driving a car less frequently (7%), and purchasing from cheaper brands (5%).
Across the region, the top 5 actions they take are eating cheaper meals at home (25%), cutting back on out-of-home dining/going to restaurants (25%), buying more items on discount (24%), purchasing from cheaper brands (12%), and cutting back on food delivery to home (12%).
The survey involved 9,000 respondents aged 18 and above across Singapore, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines.
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