Impact of inflation on consumption habits in Singapore 2023

Published by
R. Hirschmann
,
Sep 26, 2024
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

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Statistic: Impact of inflation on consumption habits in Singapore as of March 2023

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Source

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Rakuten Insight

Release date

April 2023

Region

Singapore

Survey time period

March 9 to 31, 2023

Number of respondents

6,399 respondents

Age group

16 years and above

Method of interview

Online survey

Supplementary notes

Survey question: "Have you noticed a change in your consumption habits due to inflation? choose all that applies."

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