Food inflation will continue to rise if efficiency is not addressed


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.

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Food , inflation , efficiency , Yeah Kim Leng , Sunway ,

   

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