Prices are rising and everyone, from customers to businesses, is starting to feel the pinch.
This was the case for Uncle Lee’s Confectionery, a local bakery in Bugis that had to increase the prices of its cakes.
The bakery took to social media to apologise to its customers, attributing the price hike to rising supply cost and rental.
On 30 Dec, Uncle Lee’s Confectionery posted an apology on Instagram and Facebook, explaining its current situation.
“As 2023 comes to an end. We want to say sorry,” it shared. “2023 has been great for the Lee family with some milestones achieved.”
However, the successes had been hampered slightly by rising costs in supplies, which the bakery claimed increased three to four times in 2023 alone.
In addition, it had to contend with increases in rental.
“Despite the success, the increase in expenses has gradually impacted our continuity,” the business said, adding that the rise in GST to 9% this year did not make things any easier.
As a result, the bakery has had to adjust its cake pricing.
The prices of six-inch cakes will see an increase of S$1, while the prices of eight-inch cakes will increase by S$2.
The bakery’s online system will reflect the adjusted price on 7 Jan.
“Only prices for cakes are adjusted,” Uncle Lee Confectionery said.
The bakery then went on to express its gratitude for its customers’ understanding.
“Through 2023, the family has tried not to make [a] price adjustment, but have to resort to it with the recent (again) cost increase,” it said. “Thank you so much for your support.”
Also read: Chocolat N’ Spice Closes Tanjong Pagar Outlet After 19 Years, Cites High Operating Expenses
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Featured image adapted from @uncleleeconfectionery on Instagram and Google Maps.
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