Food prices, subsidies and outlook

Quick Summary AI Powered

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%.

The government is allocating around RM370mil to keep the price ceiling, bringing the overall subsidy for chickens to RM1.1bil since February this year.

Adding on to this, the price increase for all these items could go up RM13 per month, which is already too high for the B40 households to bear.

or

Read Full Article6 minutes

Want your news featured here?

Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Egg Subsidies Oil /Business/Business News Prices Economy Chicken Food

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 00:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 6 minutes read

Article Length: 1012 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 26080

View Article Analysis

About The Star Business

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 11h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details