Expect 10%-20% price hike for CNY goodies, traders say

Briana Leong

A worker manning a Chinese New Year decorations shop at Jalan Sultan in Kuala Lumpur. – The Malaysian Insight pic by Hasnoor Hussain, December 30, 2017.

TRADERS of Chinese New Year items are bracing themselves for slow sales even though the festival is just a month-and-a-half away.

They said prices of decorations and food items, especially dried seafood, usually increase by between 10% and 20% every year, and a currently weaker ringgit might dampen sales even more.

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