1. Rising prices of food and beverages consumed outside, like restaurants and hotels, is the main contributor to the inflation rate, says Economy minister Rafizi Ramli.
He adds Malaysia can't become a "communist nation", where Putrajaya regulates the food prices at these areas.
He adds Malaysia can't become a "communist nation", where Putrajaya regulates the food prices at these areas.
2. "Conceptually in the future, if the government manages to control inflation at a healthy rate but if that does not reflect the prices the people pay, then as a country and society, we will have problems.
"This is unless we become a communist country," explains Rafizi.
"This is unless we become a communist country," explains Rafizi.
3. "This means the government will regulate all prices of goods, all (food) prices, for example, rice with chicken and vegetables," elaborated the Pandan MP.
Rafizi says this cannot happen as Putrajaya only sets the price of certain items under the Price Control Act.
Rafizi says this cannot happen as Putrajaya only sets the price of certain items under the Price Control Act.
4. The PKR leader also asserted that consumers paid high prices at restaurants and hotels, despite a decline in inflation last month, as well as stabilisation of raw material prices.
"People largely talk about the final price they pay for something."
"People largely talk about the final price they pay for something."
5. Rafizi also states that consumers end up paying almost three times more against the inflation rate.
βFor example, when the inflation was somewhere between 2% and 3% in 2021, restaurants ended up charging the consumers 7% more."
βFor example, when the inflation was somewhere between 2% and 3% in 2021, restaurants ended up charging the consumers 7% more."
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