Sunway University professor of economics Yeah Kim Leng told StarBiz that the food price inflation traditionally has always been higher than the headline CPI because it is more sensitive to the spike in fuel and commodity prices, weather influences, issues such as labour shortage and supply disruptions.
MALAYSIA registered a deflation in 2020, the first time it saw a decline in general prices in 51 years.
Deflation is a general decline in prices for goods and services, which should give more purchasing power to consumers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
