Prepare for round two of price hikes, industry players say

Khoo Gek San

Grocery stores have no time to adjust prices and will suffer losses as they cannot keep up with reorganising shelves in tandem with the rising costs, says a shop owner. – The Malaysian Insight file pic, December 8, 2021.

THE cost of consumer goods may rise again, following a cost hike in logistics and the supply chain, industry players warned.

This trend is expected to continue into next year, which may see food prices rise by 10% to 30% – including the price of cooking oil, which has increased up to 70% this month, while the prices of daily necessities and household products have increased by 5% to 10%.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.