Costs will be passed to consumers

PETALING JAYA: As Malaysia recovers from Covid-19 and removes curbs on tourism and social activities, consumer demand has surged and supply chains are now having trouble coping, leading to higher prices for items such as food and beverage.

Socio-Economic Research Centre executive director Lee Heng Guie said as the domestic economy reopens and private consumption picks up, these accumulating business costs will be passed on to consumers if businesses and manufacturers are unable to absorb them.