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Red Sea shipping crisis could see more costly food, higher inflation in Singapore
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Supermarket chain NTUC FairPrice has pledged to keep prices stable for as long as it can.
ST PHOTO: GIN TAY
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SINGAPORE - With the festive season around the corner and the Red Sea crisis still playing out, analysts said prices of goods in Singapore could rise, fuelling inflation.
Still, they said any impact on inflation will not be as severe as during the Covid-19 pandemic, while supermarket chain NTUC FairPrice has pledged to keep prices stable for as long as it can.
