Tag: food prices
Grocers and food stall owners in Rantau say things have been getting more expensive and their profit margins have been going down.
Consumer and restaurant groups urge the government to go after those in the production line who may have been taking advantage of the situation.
Extreme typhoon weather affected agricultural production even as the country scrambles to contain an outbreak of African swine fever that has spread through pig farms, with pork prices rising significantly since August.
The oil-rich kingdom, which leads a coalition fighting Shiite rebels in support of Hadi's beleaguered government, already deposited US$2 billion in the central bank in January to try to shore up the riyal.
Consumers Association of Subang and Shah Alam, Selangor president Jacob George says the government needs strong political will to remove cartels and middlemen from the system.
Fomca says the system forces retailers to buy food items only from AP holders, which results in higher prices for consumers.
February's annual inflation rate was below the 1.9% forecast in a Reuters poll, and well below the 2.7% posted in January.
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