SINGAPORE: Immediately, major stores in Singapore may display unit costs for some common food items like wheat, beef, eggs, cooking oils, fruits, and vegetables.
The captain may be implemented in a number of NTUC FairPrice, Cold Storage, Giant, Sheng Siong, and Prime-run supermarkets.
Customers will also be able to see the product value, such as the cost per litre or per kilogram, as well as the price of the product as well.
On Saturday ( Mar 15 ), Trade and Industry Minister Gan Kim Yong announced the pilot scheme at the Consumer Association of Singapore’s ( CASE ) partners ‘ appreciation dinner.” This will provide consumers with relative price information to guide their purchasing decisions,” said.
Along with the Opposition and Consumer Commission of Singapore (CCCS), CASE will collaborate with major supermarket chains on the aircraft system.
In order to learn customers ‘ opinions about the screen and advantages of product prices, CCCS will also conduct a market study.
This may inform our product pricing guidelines as well as our plans to expand product pricing in the future, according to Mr. Gan, who also serves as deputy prime minister.
” We hope that using unit pricing may increase price transparency, encourage better decision-making, and hinder retailers from using pricing gimmicks,” said the group.
He made note of the fact that system pricing was introduced for more than 1, 200 food items on CASE’s Price Kaki app two years ago. Since then, there have been more than 6, 000 things, including home and grocery items.
Buyers will be able to compare the prices of goods across various companies and offer sizes more easily by displaying the price per unit of calculation of a product, said Mr. Gan.
More than 170 000 people have downloaded the software.
CASE leader Melvin Yong, who has called for stringent component costs, said it would “help customers see through costs gadgets quickly and easily.”
Additionally, he continued,” It is also a useful tool to target shrinkflation.”