Further price increases not ruled out


Maybank IB Research said staple food prices are expected to remain elevated in 2024.

PETALING JAYA: Maybank Investment Bank Research (Maybank IB Research) says consumers should consider adopting mindful spending habits as weak sentiment could prevail throughout 2024.

It said consumers could be forced to prioritise essential spending over discretionary ones, given elevated staple food and beverage (F&B) costs and rising household expenditure.

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