KUALA LUMPUR: The prices of 80 types of fresh produce have gone down as the ringgit strengthened between July and September, says the Domestic Trade and Cost of Living Ministry.
However, the ministry also reported that the prices of 72 fresh produce items went up during the same period.
It said tomatoes dropped in price the most but cauliflower prices increased the most.
“For dry goods, packaged items, baby products, hygiene products and beverages, prices remained more stable, with average increases and decreases of less than 10%,” said the ministry in a written response published on the Parliament website.
This was in response to a question from Sim Tze Tzin (PH-Bayan Baru) on why prices rose when the ringgit was weak but did not drop after the ringgit strengthened again, as well as what actions the ministry would take to lower prices after the ringgit’s recovery.
The ministry explained that price fluctuations are common in countries with open market economies like Malaysia. However, it is essential to ensure price stability and prevent sudden changes in the cost of goods.
To maintain price stability, the ministry implemented several initiatives, including the control of subsidised and non-subsidised goods, the Maximum Price Scheme during festive seasons (SHMMP), and the 2.0 Subsidised Diesel Control System (SKDS 2.0).
In response to another inquiry, the ministry stated that it is not necessary to establish a government-owned convenience store network focused on selling essential goods at affordable prices.
The government is currently prioritising the implementation of the Payung Rahmah Madani initiative through the Rahmah Madani Sales, Rahmah Menu, Rahmah Package and Rahmah Basket programmes, aimed at mitigating the impact of rising prices and reducing the cost of living pressures.
The ministry is also committed to enhancing Rahmah Madani Sales to enable more low-income individuals to access essential goods at affordable prices.
“As of Oct 7, 2024, the ministry has implemented Rahmah Madani Sales, offering essential items at prices 10% to 30% lower than market rates at 7,965 locations nationwide, benefiting 7.04 million people,” the ministry noted.
This explanation was in response to a question from Riduan Rubin (Independent-Tenom), who inquired whether the ministry plans to establish a government-owned convenience store network selling essential goods at affordable prices. – Bernama
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