Singaporeans ready to control their spending and travel less as they see high inflation persisting, says survey

More than half of the survey respondents felt their cost of living has shot up by more than 10 per cent. - The Straits Times/ANN

SINGAPORE, June 21 (The Straits Times/ANN): With prices of goods and services rising at their fastest pace in a decade, consumers in Singapore are ready to rein in spending of their hard-earned cash, a survey conducted by DBS Bank found.

Most of the survey respondents said they would prioritise spending on household necessities such as groceries, utilities and dining out. Meanwhile, shopping, recreation and travel ranked among their lowest priorities.