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26 sats \ 2 replies \ @cryotosensei OP 4 Jan \ parent \ on: What do you think of Singapore’s CDC vouchers? econ
Thanks for your Eoncomist lens!
I don’t think the price effect has happened. Singaporeans are pretty price conscious. I don’t think supermarkets and stallholders are in the position of inflating their prices because we will just take our business elsewhere haha
My wife just told me that she has aimed to spend $120 on groceries at a supermarket called NTUC FairPrice next weekend. Apparently, it is giving out $5 vouchers for every $60 spent on its products. I’m sure my wife is not the only one to hasten her consumption to meet the end-Jan deadline for this voucher giveaway!
Something has to happen with prices or inventories, because here's what I know does not happen: CDC's do not create $300 worth of new stuff to buy per person.
It might be that prices rise slightly in the lead up or that inventory that would have gone on sale remains at its normal price.
Like I said, there shouldn't be much impact. For a nation as wealthy as Singapore, $300 is pretty trivial, especially when it's on a schedule.
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Gotcha.
I will be more observant and see if there are any price changes in the lead-up to the next distribution of vouchers
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