April 28, 2008 / 1:38 AM / 11 years ago

Singapore, hit by food cost, promotes $1.50 meals

A vegetable vendor works at his roadside shop in the Indian district in Singapore March 6, 2008. REUTERS/Ahmad Masood

SINGAPORE (Reuters) - Singapore’s government is advertising food stalls that offer S$2 ($1.47) meals to help people in Asia’s second-richest country cope with consumer prices at a three-decade high, a newspaper reported on Monday.

The pro-government Straits Times said Singapore's Minister of State for Trade and Industry Lee Yi Shyan had launched a website (ekampong.com.sg/) listing food stalls that tells people "where they can find cheap, tasty food".

“The list will come in handy for Singaporeans who are in the midst of battling rising costs,” the newspaper said.

Countries across Asia are grappling with higher food and energy costs and Singapore’s inflation accelerated to 6.7 percent March from a year ago to a 26-year high, official data showed last week.

Economists believe inflation is close to peaking after a run-up in the past year and the government predicts that inflation will stay above 6.5 percent for the first half of the year before dipping in the second half.

Reporting by Jan Dahinten; Editing by Sanjeev Miglani

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