Viral Circulated Photo Urges ‘Boycott’ Of Toast Box For Alleged Steep Price Hike After GST Increase - 8days Skip to main content

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Viral Circulated Photo Urges ‘Boycott’ Of Toast Box For Alleged Steep Price Hike After GST Increase

The photo, which has been making its rounds on WhatsApp, alleged: “See how many % Toast Box increase their selling price on the excuse of 1% GST increase. BOYCOTT TOAST BOX”. Toast Box tells 8days.sg its side of the story.

Viral Circulated Photo Urges ‘Boycott’ Of Toast Box For Alleged Steep Price Hike After GST Increase
Most Singaporeans have been feeling the pinch of price inflation since the Covid-19 pandemic and Russia-Ukraine War broke out. On Jan 1 this year, our GST rate was also raised to 8 per cent, up from 7 per cent the previous year.

While there are eateries who insist on not raising their prices and settling for a lower profit margin, some irate customers have also reported being charged eye-watering prices for food like economic rice, ostensibly due to rising operating costs.

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