55% of Singaporeans say gov't is not doing enough to handle rising prices

Inflation is amongst the top concerns of Singaporeans today.

More than half of Singaporeans (45%) believe that the government is not doing enough to manage the rising inflation, with 19% saying the issue is being handled "very badly," a study by IT solutions provider, Blackbox, showed.

Singaporeans said inflation (26%) is amongst their top concerns nowadays since it affects them personally in several ways.

In particular, locals say they feel the impact of inflation when looking at pump prices (35%), utility prices (34%), when they are in supermarkets (28%), food courts or local coffees shos (27%), and when hey rise taxis or transport services like Grab (24%).

Apart from inflation, Singaporeans are also concerned about other global problems like climate change (16%), the potential of the Russia-Ukraine conflict spreading (13%), the emergence of new COVID strains (12%), and global food shortages (7%).

Given the current challenges faced by Singapore, only 44% of locals believe that 2022 will be a better year for them economically, lower than the 48% who felt the same in mid-2021.

On the flip side, 84% of Singaporeans are still in conflict towards their country's future trajectory, saying the country is heading in the right direction in addressing issues it's facing.

READ MORE: Inflation picks up in May at 5.6%

The survey was conducted online in May 2022, with a respondent pool of 758 Singaporeans above the age of 20, and took into consideration socio-economic quotas.

Follow the link for more news on

Singapore inflation

Also Read

PMI slips to 50.5 in April

Singapore, US celebrate two decades of free trade

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit