Minimum wage-fuelled inflation rate varies from sector to sector, says think tank

Chan Kok Leong

Businesses facing rising costs of raw materials, a weakening exchange rate, higher energy costs and inadequate foreign labour supply will have no choice but to pass the costs to the consumer, say economists. – The Malaysian Insight file pic, May 13, 2022.

INFLATION fuelled by the new minimum wage will largely vary from industry to industry with different labour needs, the Socio-Economic Research Centre (SERC) said.

“Different industries will have different labour costs,” SERC executive director Lee Heng Guie told The Malaysian Insight.

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