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SINGAPORE : NTUC FairPrice is extending its five per cent discount scheme on 500 housebrand items for another three months, till the end of October.
The move comes after the Monetary Authority of Singapore revised upwards its inflation forecast for 2008 for the third time.
The five per cent discount scheme was first introduced in December last year to help consumers mitigate the rising cost of living.
The scheme was supposed to end this month. The extension till end-October will help consumers save up to S$1.5 million.
FairPrice said that its housebrand items are still priced at least 10 per cent lower than comparable national brands, despite rising costs. - CNA/ms
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