Breaking News : Malaysian Consumers Must Be Prepared For 60% Price Hike In June

PRICES of basic items in the country will likely see a hike between 50% and 60% starting next month following the implementation of the new RM1,500 minimum wage, reports Utusan Malaysia.

The report noted prices of several daily necessities such as poultry and vegetables have increased prior to the Aidilfitri celebration last week and businesses nationwide have also implemented price hikes on their items.

Universiti Tun Abdul Razak economist Prof Emeritus Dr Barjoyai Bardai said the price hike on basic items such as food would have a ripple effect on restaurants.

Before the new minimum wage came into force, he said the prices of items have increased by 30% due to many factors among which include high demand as well as the conflict between Ukraine and Russia.

“The price hike depends on demand and what is being offered, especially as the minimum wage rises, businesses would take advantage of the improved purchasing power among consumers.

“Besides, the Russia-Ukraine conflict would affect the import sector and lower supply despite the rising demand and higher purchasing power. This would result in businesses raising prices of several items and consumers would have no other choice but to buy the items at higher prices,” he told the Malay Daily.

The economist also urged consumers and relevant associations to boycott businesses that unreasonably increase prices of goods sold to deter them from burdening the public.

“Let’s see what would happen to chicken traders if we boycott them for a week. Other countries would opt to boycott these kinds of businesses but people in our country do not do that,” he said.

The Federation of Malaysian Consumer Associations CEO T Saravanan said the association has received complaints regarding the price hike ahead of Aidilfitri celebration. Some even quoted price increases for food items by as much as 50 sen.

He said vendors should not have increased the prices of items since the government had come up with various initiatives to offset the impacts of price hikes including the reduction in operational cost.

“Users should immediately lodge a report to the Domestic Trade and Consumer Affairs Ministry if they come across any businesses that have raised prices of goods,” he said.



  1. Cyndi Tzeremes

    May 25, 2022 at 3:05 am

    Nadruki na blogu sa zazwyczaj pokazywane jak karty komputerowe w drugiej kolejnosci chronologicznej, z najnowszym wpisem pojawiajacym sie u góry strony. Posty zazwyczaj maja tekst, obrazy, filmy, wykresy konkretnych oraz projekty. Tresc zapisu na blogu jest stale zapisana w trybie narracyjnym, jaki odcina sie osobistymi wydarzeniami czy wypowiedziami na pojedynczy element.

  2. Adultes

    May 25, 2022 at 3:08 pm

    "Breaking News : Malaysian Consumers Must Be Prepared For 60% Price Hike In June" checkout my nice website

  3. Saunas

    May 25, 2022 at 3:33 pm

    "Breaking News : Malaysian Consumers Must Be Prepared For 60% Price Hike In June" maybe my message is off topic but i wonder tell you that these websites are for sales :

  4. Adultes

    May 25, 2022 at 10:46 pm

    "Breaking News : Malaysian Consumers Must Be Prepared For 60% Price Hike In June" check this out :

  5. Ralphboice

    June 4, 2022 at 1:06 pm

    cialis lilly tadalafil

  6. IverCavek

    June 6, 2022 at 12:53 am

    where to buy ivermectin stromectol online pharmacy

  7. Chesterrup

    June 6, 2022 at 1:23 am

  8. Stromcooms

    June 8, 2022 at 7:48 am

    buy stromectol pills stromectol generic

  9. CameronDredy

    June 11, 2022 at 12:45 am

    buy prescription drugs non prescription ed drugs

  10. Ralphboice

    June 11, 2022 at 9:59 am

    soft gel cialis tadalafil

  11. Stevenhap

    June 11, 2022 at 12:01 pm anti fungal pills without prescription

  12. CameronDredy

    June 11, 2022 at 6:22 pm

    carprofen without vet prescription buy prescription drugs without doctor

  13. ThomasTom

    June 11, 2022 at 9:31 pm

    anti fungal pills without prescription discount prescription drugs

  14. Ralphboice

    June 12, 2022 at 11:28 am

    generic cialis testimonials tadalafil 20mg best price

  15. CameronDredy

    June 12, 2022 at 11:43 am

    comfortis without vet prescription discount prescription drugs

  16. ThomasTom

    June 12, 2022 at 2:46 pm

    buy prescription drugs from canada ed meds online canada

  17. Michaelrobia

    June 17, 2022 at 2:00 pm best over the counter viagra

  18. Michaelpem

    June 17, 2022 at 11:54 pm

    viagra online doctor prescription for viagra

  19. JamisonJig

    June 18, 2022 at 12:46 am

    viagra online usa viagra coupons 75% off buy viagra online canada
    how much is viagra viagra without a doctor prescription usa

  20. BrandonBog

    June 18, 2022 at 12:55 am

    buy real viagra online when will viagra be generic

  21. Michaelrobia

    June 18, 2022 at 1:10 pm buy real viagra online

  22. BrandonBog

    June 18, 2022 at 11:57 pm

    how much is viagra viagra

  23. Michaelrobia

    June 19, 2022 at 11:56 am buying viagra online

  24. BrandonBog

    June 19, 2022 at 10:54 pm

    over the counter viagra when will viagra be generic

  25. Michaelpem

    June 20, 2022 at 4:25 pm

    sildenafil 20 mg viagra price

  26. BrandonBog

    June 20, 2022 at 10:10 pm

  27. Georgelag

    June 22, 2022 at 9:14 am

    cost of doxycycline 100mg in india where can i purchase doxycycline

  28. Stephenwoowl

    June 22, 2022 at 9:29 pm buy zithromax online australia

  29. Georgelag

    June 23, 2022 at 4:16 am

    cost of amoxicillin prescription purchase amoxicillin 500 mg

  30. Roberthip

    June 23, 2022 at 6:20 am

    clomid for women clomid generic brand

  31. Rickyvox

    June 23, 2022 at 7:41 am

  32. Raymondgaw

    June 23, 2022 at 8:01 pm

    prednisone pills for sale prednisone 50 mg prices

  33. ShelbyNab

    June 23, 2022 at 9:53 pm

    buy zithromax 1000 mg online buy zithromax 1000 mg online

  34. Georgelag

    June 23, 2022 at 11:26 pm

    can you buy clomid without a prescription how can i get clomid online

  35. PhilipAminy

    June 25, 2022 at 10:10 am

    tadalafil 2 tadalafil 2.5 mg generic best price for generic lipitor
    furosemida 40 mg lasix pills

  36. Rickyvox

    June 25, 2022 at 8:16 pm

    metformin 850 mg india metformin 500 mg tablet buy online nolvadex during cycle
    tamoxifen breast cancer tamoxifen for sale

  37. Raymondgaw

    June 26, 2022 at 7:22 am

  38. PhilipAminy

    June 26, 2022 at 10:44 am

    buy tadalafil uk tadalafil tablets 10 mg online alternative to tamoxifen
    tamoxifen hormone therapy tamoxifen citrate

  39. Rickyvox

    June 26, 2022 at 3:04 pm

    tadalafil generic price tadalafil 20mg lowest price lasix uses
    lasix dosage lasix for sale

  40. Edwardsix

    June 26, 2022 at 5:05 pm

    tamoxifen vs raloxifene tamoxifen postmenopausal

Leave a Reply

Your email address will not be published.

Most Popular

To Top