“Chicken has gone up by 50 per cent in costs over the last 18 months – a basic staple in a multiracial country so it’s the number one protein… and I think it’s a matter of time for even the regular sliced breads that we eat to go up, maybe 20 or 30 cents per loaf.”
S’porean quoted in https://www.telegraph.co.uk/global-health/climate-and-people/singaporesmiddle-classes-turn-food-banks-inflationbites/?fbclid=IwAR0deSdKWce_AEV21lXbE3NbzYzco7iBGjZRXjH89V91_aPEdR7MypnX3IM
What a lot of BS. I can still get roast chicken from Cold Storage at $4.90, albeit a slightly smaller one. And an atas brand of bread has slashed its price from $7.20 to $6.20. Sadly, they also got rid of their “promotions” at $5.20. And at the other end of the scale, I can still buy “Super Value” brown bread at $1.70.
Thoughts of a Cynical Investor 
Think she’s talking at wholesaler level or PPI level. At CPI level, we haven’t really seen a lot coz retailers are still absorbing the increase or they’ve hedged with futures.
2022 will be the real test at consumer level, especially by June.
E.g. Chicken prices in SGD/kg:
https://www.indexmundi.com/commodities/?commodity=chicken&months=60¤cy=sgd
From about $2/kg to $3/kg.