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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%).

READ MORE: Consumers expect inflation to continue for another full year

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. 

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