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Inflation puts pressure on prices of Chinese New Year goodies
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Shipment charges per container from China have more than doubled during this Chinese New Year period.
ST PHOTO: FELINE LIM
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SINGAPORE - Be prepared to pay more for Chinese New Year goodies even as businesses try to absorb the higher costs from inflation and patchy global supply chains.
Prices of canned abalone and mushroom from China have climbed by more than 10 per cent mainly due to lower production caused by Covid-19 lockdowns and an energy crunch.
