A survey conducted by Rakuten Insight in March 2023 found that 62 percent of respondents in Singapore checked prices before purchasing goods or services because of inflation. Moreover, 58 percent of respondents indicated that they had to cut back on unnecessary spending.
Impact of inflation on consumption habits in Singapore as of March 2023
Characteristic
Share of respondents
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Rakuten Insight. (April 12, 2023). Impact of inflation on consumption habits in Singapore as of March 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1379300/singapore-inflation-effect-on-consumption-habits/
Rakuten Insight. "Impact of inflation on consumption habits in Singapore as of March 2023." Chart. April 12, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1379300/singapore-inflation-effect-on-consumption-habits/
Rakuten Insight. (2023). Impact of inflation on consumption habits in Singapore as of March 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1379300/singapore-inflation-effect-on-consumption-habits/
Rakuten Insight. "Impact of Inflation on Consumption Habits in Singapore as of March 2023." Statista, Statista Inc., 12 Apr 2023, https://www.statista.com/statistics/1379300/singapore-inflation-effect-on-consumption-habits/
Rakuten Insight, Impact of inflation on consumption habits in Singapore as of March 2023 Statista, https://www.statista.com/statistics/1379300/singapore-inflation-effect-on-consumption-habits/ (last visited July 22, 2024)
Impact of inflation on consumption habits in Singapore as of March 2023 [Graph], Rakuten Insight, April 12, 2023. [Online]. Available: https://www.statista.com/statistics/1379300/singapore-inflation-effect-on-consumption-habits/