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.

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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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