The Economy Minister said Malaysians are partly responsible for the rise in food prices, for example, with analysis of inflation data showing that a major factor behind steeper prices was the"inelasticity of demand" – a situation where consumers continue buying the same amount of goods even as prices soar.
"Despite the rise in prices for food and non-alcoholic beverages, people still continue to buy. This, to some extent, contributes to the increase in prices of food and non-alcoholic beverages," said Rafizi.Meanwhile, he said a new data ecosystem to display the prices of goods would be developed soon.
According to the Statistics Department, inflation for food rose 7.3% and remained the main contributor for inflation.A slower increase was recorded for the transport group at and furnishings, household equipment and routine household maintenance at 3.8%.
Increase the rearing of chicken thru govt incentives to farmers. Once the volume of chicken increases the prices will come down.
Jayagrosser's salmon has doubled in price so I will never buy it again.
Can Unity Govt start their own chain of Halal Hawker Stalls to sell cooked food Cheaper? Same for other uncooked items or Necessities
Try to stabilize the ringgit la.. August went to Thailand prices of consumable was the same b4 covid...except for dining in a restaurant
Kita ikat perut tapi longgar sikit la. Mcm tu ke pak?
Thank u for microeconomics 101 lesson. My local drugs dealer gave me the same advice.
'menahan diri dari impressed'
This basic economic theory hv been heard during Univ lecture, Government Leader who hv a power should take the duty of lecturer, but you hv to come up with public policy in order to curb inflation
Seems we are still in d same roundabout, juz been offered with bigger picture of ads billboards around d roundabout.. We still dont see wat gov strategies n plans to curb d price hiking of essential items n inflations? Plan to curb shortages, not simply blame on supply n demand.
Menahan diri dari impress by level of kehebatan menteri ini.
He has been infected with BN minister syndrome. It's easy to belittle people when he was in the opposition. Not so smart now, eh?
Hmmm I am afraid Ahmad Maslan influencing him. The prices are sky rocketing and consumers don't have choice. Please come up with better solution than blaming the consumers. Consumers are smart enough to find cheaper options but not for every product or service.
Basically he said to change your lifestyle lah.
Reality of governing has kicked in 😁. No real difference from previous ministers making stupid statements asking the rakyat to eat less or grow own veg. Saw full PC. Just going round and round using buzzwords. Freshman biz student presentation😁 and it’s likely graded a C!
Ya right. You must be in your dreamland. Here we are complaining about rising costs and you are saying people are opting for expensive goods? You are not making any sense.
No shit Sherlock. That's just 'don't eat chicken if it's too expensive' using a fancy term! Instead of blaming the rakyat (again) for the high prices, where are your solutions Mr. Formula?
Wtf!!!!! U think ppl purposely want to pay more if they have a choice Thats counter intuitive for M40 & B40 !! But maybe that's what the menteris do lah i don know 🤣🤣🤣🤣
Kerajaan harus menggalakan rakyat menggunakan Price Catcher App yang dibangunkan oleh KPDNHEP untuk membandingkan harga barang2 sebelum membeli. rafiziramli
ok jer
consumers jugak yang kena
Kmi org PH makan belalang
Huh ? This does not sound right…🤔🤔🤔
Heck everything is expensive now
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