July 31, 2022

Healthy demand despite higher costs for Hungry Ghost Festival offerings

By brit

SINGAPORE – Hell notes and other prayer paraphernalia for the Hungry Ghost Festival or Zhong Yuan Jie have not been spared price increases from inflation, but merchants have seen a healthy demand since the seventh lunar month started on Friday (July 29).

While some shops have raised prices due to higher freight and raw material costs, others are opting to trim their profit margins to retain customers.