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Supermarket chain FairPrice will lock its prices on more than 500 essential items until end-August to assuage concerns over rising costs. The price freeze will begin from June 1 and include products such as rice, cooking oil, eggs, vegetables, fresh andFairPrice freezes prices on over 500 products until end-August amid rising cost of living
Supermarket chain FairPrice will lock its prices on more than 500 essential items until end-August to assuage concerns over rising costs. The price freeze will begin from June 1 and include products such as rice, cooking oil, eggs, vegetables, fresh and frozen meat, milk, as well as senior and baby care products.In a statement on Friday (May 29), FairPrice Group said the move is «to ensure that putting food on the table and grocery runs for daily essentials remains one less thing for Singaporeans to worry about».It added that the measure aims to keep popular daily essentials «firmly within reach for local households».An earlier wave of price freezes by the supermarket chain involving more than 100 daily essentials was implemented in April after the conflict in the Middle East disrupted global supply chains.FairPrice Group chief executive Vipul Chawla said the price freeze in April proved effective in protecting household budgets.«However, dealing with prolonged global uncertainties requires a deeper, more sustained commitment,» he added. Read more











