Ameer said sharp price hikes were unlikely because the ringgit has stabilised and that the trend was expected to strengthen further based on recent movements.
“Within the next two or three days, the US dollar value will fall from RM4.53 to RM4.54. So I can say that the price will not go up by 20 per cent in August.
“I’m not sure as to whether or not the prices of all items will increase, but if they do, the increase will be between one and two percent,” he said when appearing as a guest on the Bernama TV ‘Apa Khabar Malaysia’ programme here today.
He said the increase in commodity prices depended on various factors such as inflation, demand and supply as well as the exchange rate of the ringgit.
Previously, Ameer and several economists had said that the consumer goods price index was likely to rise by up to 20 per cent by October this year due to the increase in operational costs in Malaysia and import inflation.
The cost increase is said to be due to the depreciation of the ringgit against the US dollar, which leads to high import inflation.
Meanwhile, Ameer suggested that the government consider giving targeted subsidies through the provision of monthly cash aid to the B40 group.–BERNAMA
Welcome to the second half of 2026. In just a blink of an eye, we have stepped onto Part 2… Read More
Selangor EXCO for Public Health and Environment Jamaliah Jamaluddin shared a light-hearted moment during the launch of an Automated External… Read More
Subang Jaya’s fire station in SS17 has a new man at the helm, and he’s bringing both experience and a… Read More
By Anthony Dylan Anak Frankie Jurem The most exciting part of working in the shopping centre industry has always been… Read More
By Paul Yung There’s a dangerous trend happening around the world right now, and most people don’t even realize it’s… Read More