Inflation in Singapore for the month of April 2008 hits 7.5%, a 26 year high. Food, housing, transportation and communication contribute most to the increase in inflation. Whatever goes up will not go down for this case. I believe prices will remain unchanged for cooked food even if prices ease. When do you see price of chicken rice ever goes down?
Singapore inflation rate hits new 26-year high of 7.5% in April
http://www.channelnewsasia.com/stories/singaporelocalnews/view/349581/1/.html
Singapore Consumer Price Index (With details broken down)
http://app.sprinter.gov.sg/data/pr/20080523997.pdf
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