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PRICES, especially of food and essential goods, have been steadily rising as the protracted Ukraine-Russia war continues to disrupt production and supply.
Malaysia is not spared the impact. A weakening currency and global recession have led to a decline in standard of living for many, especially the low- and middle-income groups.
This has led to calls to control or reduce the prices of goods.
The government only can control the prices of certain goods but it can consider providing subsidies to producers and retailers to offset their operational costs.
The ceiling price for chicken was recently lifted.
Many Malaysians have been forced to become "smart consumers" who shop wisely. They take note of discounts and sales and compare prices before buying.
The Vibes checked the prices of essential goods online, at a convenience store and a popular hypermarket.
Prices varied across the board. It was also evident that prices did not differ by much
With not much price difference, people must now choose what to buy rather than where to buy.
Some people prefer to buy in bulk when prices dip.
Sometimes, a shopping trip could mean several stops at different places to hunt for bargains.
Recently, Maybank Investment Bank Research indicated that staple food prices are expected to rise this year. – April 27, 2024.
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