Ministry of Domestic Trade and Consumer Affairs Says Expects Price Stability for Essential Goods in Q1 2022 | Malaysia


People buy groceries at the SS15 wet market in Kuala Lumpur on January 13, 2021. ― Photo by Shafwan Zaidon

PUTRAJAYA, Dec 14 – Price stability of essential goods is expected to be achieved by the first quarter (Q1) of 2022 following various efforts and proactive measures taken to address the issue of rising prices, said the Minister of Domestic Trade and Consumer Affairs (KPNDHEP), Datuk Seri Alexander. Nanta Linggi.

Among the initiatives taken are the implementation of the application via Ops Menu which began on November 6 and ends on December 31; Ops Pasar from November 27 to December 12; Keluarga Malaysia (Malaysian Family) (PJKM) sales program which started this month and will end in March 2022; and Keluarga Malaysia Maximum Price Control Scheme (SHMKM) from December 7 to 31.

Nanta said that based on the domestic market’s sentiment and reaction to the government’s efforts, KPNDHEP expects this to have an effect leading to price stability of essential goods.

“In this regard, it is expected that price stability can be achieved in the middle of the first quarter of 2022, either at the end of January or February 2022,” he said in a statement today.

According to Nanta, the implementation of the PJKM has had a positive impact where basic necessities such as chicken, fish, eggs, vegetables, cooking oil, sugar, flour, rice and processed products are sold at prices up to 20% lower. than local market prices.

Among the items in high demand and sold out are chicken, eggs, fish and cooking oil, as well as other necessities such as vegetables, rice, sugar and flour, he said. he declares.

“Till today, there has been a good consumer response regarding this program with 28,985 visitors and revenue of RM423,844.06,” he said.

Nanta said feedback received through the price monitoring operation conducted by price monitoring officers at 72 KPDNHEP branches nationwide, showed a downward trend in prices of essential goods.

For example, he said the average price of standard (cleaned) chicken had dropped from RM9.21 per kilogram (kg) to RM9.04 per kg, 30 Grade B chicken eggs from RM12.67 to 12 RM.62, while vegetables fell between 4.26% and 17.47%.

In the meantime, Nanta said the implementation of the SHMKM, as well as the operations, would be assessed and expanded or expanded as needed. — Bernama


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