Deputy minister: Chicken price has stabilised due to fall in inflation rate last month

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KUALA LUMPUR, Oct 25 — Johor Baru MP Akmal Nasrullah Mohd Nasir has today said that the price of chicken is stabilising, amid concerns over rising prices of goods. The deputy...

Bandar Mahkota Cheras' Restoran Hakka Yong Taufu deserves a star for its plump 'yong tau foo' filled with fish paste, minced pork and salted fishDeputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the price of chicken stabilising is due to the fall in poultry inflation rate to 0.9 per cent in September compared to 5.7 per cent in August.

“If we make a comparison, for instance, in August, in terms of chicken meat, the inflation rate at that time was 5.7 per cent but if we compare it to September, it has already decreased by 0.9 per cent.He was responding to a supplementary question from Perikatan Nasional’s Rantau Panjang MP Datuk Siti Zailah Mohd Yusoff on the government’s effort to curb the depreciation of the ringgit to prevent it from further plummeting and affecting the rise in prices of basic goods such as poultry.

Additionally, the Pakatan Harapan MP said the Bank Negara Malaysia is currently monitoring the ringgit and would be adjusting the Overnight Policy Rate to regulate the exchange rate.“We understand that there can be effects in terms of differences when we import goods from abroad. First, we also look at the economic indicators. Besides the currency value, we can see that the current inflation rate is low.

 

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