Rafizi: Govt using multi-pronged strategy to stabilise food prices

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“The government will ensure there is a continuation of efforts to reduce the people’s burden,” Rafizi said, theSun theSundaily economy inflation MenuRahmah Malaysia IPR

: The government is using a multi-pronged strategy, encompassing the entire food supply chain from raw materials to food outside of the home, to stabilise food prices and bring them to an affordable level.

“The quality of the initiatives can already be seen. For example, the consumer price index inflation for the food-outside-the-home component has fallen for the first time since August 2021, from 9.6 per cent in December 2022 to 9.3 per cent in January 2023. Rafizi said the short-term focus towards fair price accountability would continue with the development of an ecosystem based on nationwide price data with the injection of price and supply elasticity.

“This is to ensure the supply of these basic goods will reach people living outside urban areas and in the rural regions of the peninsula, Sabah, and Sarawak.

 

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