As inflation in Singapore remains high and impacts lower-income families more significantly, NTUC FairPrice Foundation is donating $1 million worth of food vouchers to provide daily essential needs for these families. This donation was presented to Advisor to Jurong GRC Grassroots Organisations, Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister for Finance, at a National Day dinner celebration organised by Taman Jurong Constituency for its residents today.
More than 20,000 families and individuals will receive their food vouchers through all 87 Citizens Consultative Committees and selected welfare organisations. This timely donation will help lessen the impact from rising costs of living. The latest consumer price index (CPI) rose to 5.3 per cent year-on-year in June as indicated by a recent statement from the Department of Statistics. The bottom 20 per cent of households were the worst hit. Inflation rose from 5.4 per cent in the July to December period last year to 6.3 per cent in the first half of this year.
Mr Ng Ser Miang, Chairman for NTUC FairPrice Foundation and NTUC FairPrice said, “FairPrice Foundation continues to help lower-income families defray the cost of daily essential needs and has donated another million through the Food Vouchers Scheme this year. Low-income families are especially vulnerable to inflation and we hope that our efforts will bring some relief to them.”
FairPrice has been working with Grassroots Organizations and welfare organisations in assisting lower income families to meet their daily needs through the FairPrice Food Voucher scheme since 2002. Including the current donation, the FairPrice Food Voucher scheme has contributed $10 million worth of FairPrice vouchers to meet over 200,000 requests from the needy for financial assistance.