Food prices, subsidies and outlook

The impact of raising the ceiling price for chickens, eggs and cooking oil on overall inflation is expected to be minimal since the weightage for these items is around 3.4% of the overall basket.But it will impact overall food inflation since it accounts for a 12.0% share.

MAY’S inflation data for Malaysia showed headline inflation rising by 2.8% while core inflation, which excludes volatile items and administered prices, increased by 2.4%.

Both the headline and core inflation have been on the uptrend since March this year, and expectations are for overall inflation to remain sticky in 2022.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

inflation , Food , subsidies , B40 , BKM , cooking oil , chicken


Next In Business News

Leong Hup shares remain unchanged amid price-fixing allegations
Ringgit opens lower against US$ as investors seek out safe haven
Net foreign inflow to Bursa Malaysia leaps to RM388.2mil
Investors strike a cautious note ahead of US inflation data
Trading ideas: IOI, SLP Resources, Hong Seng Consolidated, D'nonce Technology, Caely and ILB
Gold still a safe-haven asset
‘Snoozefest’ no longer: Volatility seizes Europe’s bond market
CAB boosting chicken and seafood businesses
Pantai Hospital Penang plans expansion
Strong growth seen for Agmo on mobile, web segment

Others Also Read