Food price increases 'not as bad as in 2008'
Food prices have risen, but they are nowhere near the peak of 2008, Trade and Industry Minister Lim Hng Kiang said.
Prices then soared nearly 8 per cent because of bad weather and a global supply shortage, Mr Lim recalled on Monday.
But the rate of increase has since slowed, to 3.1 per cent last year and below 3 per cent in February and March this year, he added.
To show the difference, he pointed to the price of white rice, which peaked at $1,300 per tonne in 2008, but has stayed fairly stable around $700 this year.