Singapore's Giant, NTUC Fairprice cut price of eggs amid inflation

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Singapore's Giant, NTUC Fairprice drops price of eggs. (PHOTO: Getty)
Singapore's Giant, NTUC Fairprice drops price of eggs. (PHOTO: Getty)

SINGAPORE — At least two supermarkets have cut the prices of eggs this week, starting Wednesday (20 April).

Giant has reduced the price of its Giant Farm Fresh Eggs from $7.50 to $6.50 per tray of 30. The promotion will last until Hari Raya Aidilfitri on 3 May.

NTUC FairPrice has lowered the price of a 30-piece tray of its housebrand Pasar eggs to $6.95, down from $7.50. This new pricing will last until 27 April.

Egg prices have been steadily increasing due to various reasons, such as the Ukraine conflict, a viral outbreak in local farms, and increasing costs of chicken feed, energy and transport — all exacerbated by the COVID-19 pandemic.

In a recent study by regional broadcaster CNA, eggs saw the biggest price increase in the fresh produce category. The checks showed that the price of a tray of 30 Pasar eggs was $6.15 at NTUC FairPrice in February, up from $4.75 in the same month last year.

At Sheng Siong the price of 30 eggs rose from $4.65 in February 2021 to $6.15 in the same month this year.

Singapore's core inflation rose to 2.4 per cent in January from a year ago— the highest increase in more than nine years. On a year-on-year basis, food inflation rose to 2.6 per cent, up from December's 2.1 per cent, reflecting higher inflation for both non-cooked food and prepared meals. Core inflation, which excludes accommodation and private transport, eased to 2.2 per cent on a year-on-year basis in February.