Business owners have resorted to this tactic mainly due to the fear that they would lose their ultra budget-sensitive market if they raise prices to cover the corresponding increase in their production costs.
Malaysia’s inflation rate continued to increase at a slower rate, falling to 1.5 percent in November 2023 with the index points recorded at 130.9 against 129.0 in the same month of the previous year, the Department of Statistics Malaysia (DOSM) said.
The government cannot forever resort to the same old tactics of fighting inflation, but must have long-term plans to strengthen the financial position of the country as well as individual Malaysians.
To stabilize the goods prices, we will need to build our own supply chain and manufacturing capacity in order to cut down our reliance on foreign imports.
World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse Ukraine, UN data showed on Friday.
“All signs point to the fact that we have passed the peak. We hope the inflation rate will continue to fall."
It's not yet 6 am and dozens of homeless people are already queuing outside Stockholm's central station for breakfast, their numbers bigger than ever, charities say.
A pupil with RM3 pocket money a day will no longer be able to buy enough food to keep them filled from the school canteen.
Turkish inflation surged past 85 percent in October, its highest level since 1997, official data showed Thursday, as President Recep Tayyip Erdogan sticks to unorthodox policies to combat a cost-of-living crisis.
There is no such thing as a free lunch, economists chide, but one alternative store in the southern US city of Atlanta is offering the next best thing to those struggling with spiraling prices.
Dreamt up in the 1960s to attract tourists, Spain's three-course "menu del dia", or set lunch menu, has long been seen as the best deal in town.
This time, Wai is selling the food at only RM3 as a way to support the local community hard hit by spiraling inflation.
Whether further rate hikes are in the pipeline will depend on the Federal Reserve's next move as well as which way our economic indicators head to.